Mark Carney confirmed on Tuesday that he is willing to extend his term as the Bank of England governor to support a "smooth Brexit transition".
In recent weeks, speculation has been rife that the former Bank of Canada governor was willing to change his earlier stance of leaving the BoE in June 2019, which was two years short of the usual eight-year term.
The UK is set to exit the European Union in March 2019.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.