Mark Carney: The governor of the Bank of England , Mark Carney , will step down in June 2019 after six years of service . The usual term for a governor is five years . Carney has stated that he will continue to contribute to the “ orderly transition to the UK ’s new relationship with Europe ” . Prime Minister Theresa May and Sir Philip Hammond have welcomed Carney ’s decision to stay another year , after he faced mounting pressure to announce whether he would stay until 2021 .
The governor of the Bank of England , Mark Carney , will step down in June 2019 after six years of service . The usual term for a governor is five years . Carney has stated that he will continue to contribute to the “ orderly transition to the UK ’s new relationship with Europe ” . Prime Minister Theresa May and Sir Philip Hammond have welcomed Carney ’s decision to stay another year , after he faced mounting pressure to announce whether he would stay until 2021 .