Carney hints may serve full term at Bank of England

Mark Carney has suggested he may serve a full eight-year term as Bank of England governor, three years longer than his initial commitment.

In an interview with the Financial Times published on Friday, Carney said there was still a lot of work to do at the central bank.

“I don’t see anything that’s changed . . . I mean, there is so much more to do at this institution, through this institution internationally, and as part and parcel of what this institution’s doing to really ensure that we’ve got a strong, sustainable, balanced recovery,” the Canadian told the newspaper.

Carney initially committed to serving five years in the role when he took up the post in 2012, despite taking up the full eight year appointment.

He said then that he thought he could accomplish what he wanted within that time, but also because he wanted to fit in with his daughters’ education.

In the interview, which took place before the Federal Reserve raised interest rates on Wednesday, he said “I’m not crossing off dates on the calendar”.