Europe

UK government offers support to Bank of England governor

Associated Press
Published | Updated

Bank of England governor Mark Carney leaves No.10 Downing Street, London, Monday Oct. 31, 2016, after a regular meeting. Britain’s government is offering strong support for Bank of England’s Mark Carney amid speculation that he’ll soon announce whether he’ll serve his full term as governor. (Dominic Lipinski/PA via AP) (The Associated Press)

Bank of England governor Mark Carney leaves No.10 Downing Street, London, Monday Oct. 31, 2016, after a regular meeting. Britain’s government is offering strong support for Bank of England’s Mark Carney amid speculation that he’ll soon announce whether he’ll serve his full term as governor. (Dominic Lipinski/PA via AP) (The Associated Press)

The British government has offered strong support for Bank of England Governor Mark Carney amid speculation that he'll soon announce whether he'll serve his full-term as governor.

Theresa May's spokeswoman said Monday that Carney has the prime minister's backing. The comments follow speculation in the British media that Carney will announce his decision to see out his term this week.

Many of those who campaigned for Britain to leave the European Union have taken issue with Carney because of his stark pre-vote warnings about the impact of Brexit on the economy.

Carney, a Canadian who took office in 2013, has promised to serve until June 30, 2018. He has an option for three more years.

He told a parliamentary committee last week that his decision would be "entirely personal."