LONDON — Mark J. Carney, the governor of the Bank of England, will stay in his role until the end of January 2020, the government said on Tuesday, which means that he would run the central bank for 10 months after Britain’s departure from the European Union. Mr. Carney, who has been governor of the central bank since 2013, has been sharply criticized in recent years by supporters of Britain’s exit from the bloc, a process known as Brexit. The bank governor’s supporters, however, argue that Mr. Carney warded off a recession with his leadership after the referendum. The leader of the Bank of England is typically appointed to an eight-year term, but Mr. Carney, a former Goldman Sachs banker, repeatedly said he would leave in 2018, citing family commitments. After the Brexit vote, he revised that stance, saying he would stay until the summer of 2019 to provide stability at the central bank.

Source: New York Times September 11, 2018 13:18 UTC