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UK’s May backs Carney staying on as BOE chief

Clashes with Brexit-supporting lawmakers fuelled speculation the central bank chief might leave when his initial term expired in mid-2018

UK’s May backs Carney staying on as BOE chief

Prime Minister Theresa May is “fully supportive” of the work of Bank of England Governor Mark Carney and backs him staying on in the job, her spokeswoman said on Monday, in a rebuke to hard-line backers of Britain’s exit from the European Union who want him out.

May's backing represents the strongest signal yet that the government is eager for Carney to stay on to steady the economy as the UK charts its departure from the bloc.

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