Sunday, October 30, 2016

The governor of the Bank of England to the output – Le Figaro

the governor of the Bank of England (BoE), Mark Carney, could announce his departure from the head of the institution, say on Sunday, several british media, citing tensions with the First british minister Theresa May. The Canadian, whose contract expires in 2018, has the option to extend until 2021 and should announce its decision by the end of the year, according to the BoE. However, according to the british press, his decision is already made : the Sunday Times of judge the governor’s “disenchanted” by the conservative government of Theresa May, citing two anonymous sources who worked at his side before he takes up his duties in 2013.

According to the Telegraph, Mr. Carney could even announce his decision to leave the BoE in 2018 as soon as Wednesday. The governor drew the wrath of the fringe eurosceptic british tories, after having warned against the adverse consequences of Brexit on the uk economy during the referendum campaign on the output of the european Union.

In a speech given at the annual conference of the conservative party at the beginning of October, Theresa May criticised the policy of the Bank of England, holding, inter alia, that interest rates are too low according to her, were detrimental to investors. Questioned by a parliamentary committee on Tuesday on his willingness to stay or not at the head of the BoE, Mark Carney has responded that its decision would be “entirely personal”. “We must not see in this decision something of politics,” he said.

“Like everyone, I have a personal situation to manage. This is a function that requires to be devoted to you completely, and I intend to be for as long as possible”, he pointed out, however, explaining that it would be their “only criteria” to make his choice. Contacted by AFP, a spokesman for the Bank of England declined to comment. The uk minister for Business Greg Clark has ruled on Sunday on the BBC that the decision was the sole responsibility of the governor, saying that he had done a “fantastic job” at the head of the institution.


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