England Governor Mark Carney

BCC comments on Mark Carney’s term extension

Commenting on the news that Bank of England Governor Mark Carney has extended his term in office by one year to June 2019, Adam Marshall, Director General of the British Chambers of Commerce (BCC), said:

“Businesses want stability at a time of economic change, particularly at key institutions like the Bank of England. Firms will be reassured that the recent speculation over the timing and nature of Mark Carney’s departure has been put to rest. However, the Governor will still be leaving at a sensitive time for the economy – so businesses will want to see a clear and ordered transition plan.”