‘Bank of England governor eyes exit’

 AFP, LONDON: Media speculation mounted yesterday that the governor of the Bank of England, Mark Carney, is set to announce his departure amid tensions with Prime Minister Theresa May’s new government.
The Canadian is on a five-year contract that expires in 2018 but has an option to extend the job until 2021, a decision the central bank has said will be made public by the end of this year.
Media reports suggest Carney will not take up the option to stay on, with the Sunday Times newspaper saying he was “disillusioned” with May’s Conser-vative government.
Carney has been criticised by eurosceptic Conser-vatives for his warnings of the economic impact of Brexit before the June referendum vote to leave the European Union.
In her speech to her party conference earlier his month, May also appeared to criticise the bank’s policy, saying quantitative easing and low interest rates hurt savers.
Carney told a parliamentary committee on Tuesday that any decision would be “entirely personal”.
“No one should read anything into that decision in terms of government policy,” he said.

Bank of England governor eyes exit

AFP, LONDON: Media speculation mounted yesterday that the governor of the Bank of England, Mark Carney, is set to announce his departure amid tensions with Prime Minister Theresa Mays new government. The Canadian is on a five-year contract that expires in 2018 but has an optionto extend the job until2021, a decision the central bank has said will be made public by the end of this year. Media reports suggest Carney will not take upthe option to stay on,with the Sunday Times newspaper saying he was disillusioned with Mays Conser-vative government. Carney has been criticised by eurosceptic Conser-vatives for his warnings of the economic impact of Brexit before the June referendum vote to leave the European Union. In her speech to her party conference earlier his month, May also appeared to criticise the banks policy, saying quantitative easing and low interest rates hurt savers. Carney told a parliamentary committee on Tuesday that any decision would be entirely personal. No one should read anything into that decision in terms of government policy, he said.