12:12 GMT +318 December 2017
Listen Live
    Britain's Prime Minister Theresa May leaves Number 10 Downing Street to attend Prime Minister's Questions at parliament in London, Britain October 19, 2016.

    UK Prime Minister Supports Bank of England Governor Serving Full Term

    © REUTERS/ Hannah McKay
    Europe
    Get short URL
    0 63

    UK Prime Minister Theresa May supports the work of the Bank of England's governor Mark Carney, according to the statement of May's spokeswoman.

    MOSCOW (Sputnik) — UK Prime Minister Theresa May supports the possibility of the Bank of England's governor Mark Carney extending his contract for a further three years, May's spokeswoman said on Monday.

    "The PM has been clear in her support for the governor, the work he is doing for the country. It is clearly a decision for him, but the PM would certainly be supportive of him going on beyond his five years," the spokeswoman said, as quoted by The Guardian.

    Carney, who became governor in June 2013, committed to serving for five years. However, he has since stated he is considering extending his contract to a full eight-year term that governors usually serve.

    Asked if Carney was the best man for the job, the spokeswoman said, "Absolutely."

    Earlier this month, May criticized the Bank of England for its low interest rates, to which Carney responded by saying that the Bank would not be instructed by politicians on how to model its policies.

    Last week, Carney said his decision whether to stay would be based on personal rather than political considerations.

    Carney is due to meet the prime minister later on Monday, and will hold a quarterly Bank of England news conference on Thursday.

    Related:

    Pound Tumbles as Bank of England Governor Advocates Keeping Interest Rates Low
    Bank of England Policymaker Eyes No Further Stimulus as UK Economy Strengthens
    Bank of England Keeps Rates Steady Amid Positive Macro Data
    Bank of England to Bankroll Apple Despite 'Aggressive' Tax Avoidance
    Tags:
    Bank of England, Mark Carney, Theresa May, United Kingdom
    Community standardsDiscussion
    Comment via FacebookComment via Sputnik
    • Сomment