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    According to reports, Bank of England Governor Mark Carney said he would extend his term at the helm of the UK central bank until the end of June 2019.

    MOSCOW (Sputnik) Bank of England Governor Mark Carney said he would extend his term at the helm of the UK central bank until the end of June 2019, in a letter published Monday.

    "I would be honoured to extend my time of service as Governor for an additional year to the end of June 2019," Carney told British Chancellor Philip Hammond.

    He explained that by extending his term in office beyond the expected period of the Article 50 process, he expected to contribute to "securing an orderly transition to the UK's new relationship with Europe."

    UK citizens voted in June to leave the European Union. British Prime Minister Theresa May said her government planned to trigger the official process to quit the bloc by the end of March 2017. The procedure is expected to last for two years.


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