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UK government dismisses talks of extending Carney's stay at BoE

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UK government dismisses talks of extending Carney's stay at BoE

Mark Carney is still expected to step down as Bank of England governor in 2019, the British government said, following reports that the Treasury is in talks about potentially extending his stay at the central bank.

"The governor has said that he intends to step down in 2019. That is still the plan," said U.K. government spokesman James Slack, according to Bloomberg News. Slack's comments came after the BBC reported that the Treasury and the BoE are in talks about keeping Carney beyond his planned departure from the central bank, as the government believes that finding a new governor amid ongoing Brexit negotiations with the EU would be difficult.

Carney assumed the role of BoE governor in July 2013. He initially intended to serve only five years of his eight-year term but agreed to stay on for another year to guide the BoE through Brexit negotiations.

Now Carney is open to remaining at the BoE for another year until 2020, the BBC said in its Sept. 3 report. When asked whether the government would like Carney to stay, Bloomberg reported Slack as saying: "The Prime Minister [Theresa May] thinks the governor has done a good job."

Carney will be asked about whether he would extend his stay when he appears before the House of Commons' Treasury Select Committee on Sept. 4, the Financial Times wrote. A BoE spokesman declined to comment, Bloomberg said.