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Tuesday, November 01, 2016

Carney To Stay Until 2019

Mark Carney will stay at his post as Governor of the Bank of England until 2019.

This is a face saving measure, doubtless thrashed out during yesterday's meeting with Theresa May, to avoid further uncertainty in the markets caused by speculation over his position. It also allows him time to get back to Canada in order to stand in the October elections there in 2019.

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