Britain's Prime Minister Theresa May and her husband Philip leave the stage after her keynote address on the last day of the Conservative Party Conference in Birmingham, Britain October 5, 2016. REUTERS/Stefan Rousseau/Pool
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May took the unusual step of commenting on central bank policy Wednesday when she said near-zero rates and the BoE's huge bond-buying program had hurt savers.May's comments also come at a sensitive time personally for Carney who has said he will decide before the end of this year whether he would leave the BoE in mid-2018 as originally planned, or take up an option to stay until 2021 .Indeed, May's finance minister, Chancellor of the Exchequer Philip Hammond, has said he is considering how much help Britain's economy needs after the Brexit vote.But May's comments could make it harder for the BoE to expand its bond-buying program in future, should Britain's economy need more help. Former BoE rate-setter Andrew Sentance said he did not think May wanted a full-on confrontation with Carney, but Wednesday's comments were a sign of a new relationship with the BoE and the government which sets the mandate of the central bank.
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