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UK Treasury detracted from news reports on offer to Mark Carney to govern longer

UK Treasury has downplayed the reports that it has asked Mark Carney, the BoE’s governor, to remain in office one year above the agreed term till 2020 in order to work with the possible Brexit fallout.

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It did not recognize the reporting published by British newspaper the London Evening Standard that Mark Carney had been offered to keep his position, assuming that the Treasury had had difficulties with finding appropriate candidates.

The bank’s governor is to leave office in June 2019, several months past the UK’s official parting with the EU in March, which fuelled speculation of searches to replace him in view of mounting concerns about the economic outlook.

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