BoE's Carney is Ready to do Everything Possible to Support the Economy During Brexit
The Bank of England Governor Mark Carney planned to leave his post in June 2019. Still, Mark Carney said he was ready to stay in his job beyond his planned leaving date, saying he was willing to do what he could to ease Britain's economy through its departure from the European Union. BoE Governor aims to help Britain through Brexit which is scheduled to happen in March next year.
"Even though I have already agreed to extend my time to support a smooth Brexit, I am willing to do whatever else I can in order to promote both a smooth Brexit and an effective transition at the Bank of England," Carney told lawmakers on parliament's Treasury Committee.
Bank of England Governor also stated, that Britain's economy would suffer a shock if the country leaves the EU without reaching a deal, and less than 20% of British companies were putting in place their plans for a no-deal Brexit scenario.