Reports in the UK press yesterday suggest BOE gov Carney could decide to stay or go this week.
It's not a resignation per se just his decision to exercise an option to step down after 5 rather than the full 8 year term. Carney took over as Governor in June 2013 for an eight year term, but with an option to leave after five years.
Both The Telegraph and Times have reported on the chances that Carney will make his decision public this week. as one or two of our readers have picked up in the comments section of w-e posts. The Times reported that he was "more likely than not" to choose to return to Canada in 2018.It also said that decision could come "within days".
In response the Bank of England said: "Nothing has changed. The governor has said he will make his decision public by the end of the year."
Carney got the backing this morning of Business Secretary Greg Clark on BBC Tv who said:
"I think Mark Carney has done a tremendous job, a fantastic job, during his tenure there. It is clearly a decision for him."
One vote for the governor but it's been noticeable to me the change in tone from Carney since May & Co took charge after Brexit, and what might be perceived as additional political pressure on him and the MPC despite them being "independent".
I noted whilst watching and posting on Carney's testimony at the House of Lords last Tuesday that he was looking less than enamoured about being there and that 2018 couldn't come soon enough. Carney says it will be a personal not political decision but I'm sensing he doesn't like the govt tones/interference right now.
Maybe we'll find out this week.
Enjoy the rest of your week-end everyone. I trust our UK and European readers have put their clocks back by now.
