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UK's Javid says no need to extend Carney's term at Bank of England - Bloomberg

UK's Javid says no need to extend Carney's term at Bank of England - Bloomberg
FILE PHOTO: Mark Carney the Governor of the Bank of England speaks at the bank's quarterly Inflation Report Press Conference in London, Britain August 1, 2019. Chris J Ratcliffe/Pool via REUTERS -
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POOL New(Reuters)
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(Reuters) – Britain’s ruling Conservative Party sees no need to extend Mark Carney’s term as Bank of England governor, finance minister Sajid Javid said in an interview.

Javid said his party would appoint a new governor of the bank “very, very quickly” if it wins a parliamentary election on Dec. 12, he told Bloomberg in an interview.

Reuters reported last month that the government would not name a successor to Carney before the election.

Carney, is due to leave the central bank on Jan. 31, which is also the latest deadline for Britain to leave the European Union.

(Reporting by Aishwarya Nair in Bengaluru, Editing by Timothy Heritage)

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