Carney to helm BOE for additional year beyond his term

London

MARK Carney, the Bank of England (BOE) governor, said he would serve an additional year as head of the central bank and step down in June 2019. The decision dispels suggestions in the British press that Mr Carney would step down in 2018, his original five-year time frame.

Mr Carney has been called upon to resign by some politicians who support an exit from the European Union (EU), or Brexit. They argued that he politicised the bank ahead of the June 23 vote on whether to leave the EU.

An early departure by Mr Carney could have been unsettling for the markets. Concerns over the impact of Brexit have sent the pound to its lowest level since the mid-…