Mark Carney Governor of Bank of England agrees to extend his term

bank of england interest rate

At the request of the Chancellor, the Governor has agreed to extend his term to January 2020.

Commenting on the extension of Mark Carney’s time as Governor, the Chancellor said:

“I’m delighted that the Governor has agreed to stay in his role for a further seven months to support a smooth exit from the European Union and provide vital stability for our economy.”

Commenting on the re-appointment of Sir Jon Cunliffe, the Chancellor said:

“I’m delighted to announce the re-appointment of Sir Jon Cunliffe for a further term as Deputy Governor, and I’m confident his extensive experience will continue to be a valuable asset to the Bank of England.”

Read the announcement 11th September in full click here.

 

Allen Walkey

Highly experienced businessman with a successful career in property sales and investment both in the UK and abroad. Now a freelance writer and blogger for the property and Investment Industry, keeping readers up-to-date with changes and events in a rapidly changing world.

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