Bank of England Governor Mark Carney said he was ready to stay in his job beyond his planned leaving date next June.
Mark Carney said he was willing to do what he could to ease Britain's economy through its departure from the European Union.
When he moved to London from his native Canada in 2013, Mark Carney agreed to stay at the Bank of England until 2018.
He then extended his term by a further year in 2016 in order 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 today.
"The Chancellor (finance minister Philip Hammond) and I have discussed this. I would expect an announcement to be made in due course," he said.
British media said last week that Hammond wanted Carney to stay longer at the Bank of England, a move which would allow the finance ministry to focus squarely on Brexit negotiations over the next few months.
Mark Carney said today that it might be easier to find his replacement once the terms of Brexit are known.
"There are some advantages for that process to be run in the context of full knowledge both of the government of the day and the applicants, those interested parties in the position, of the exact form of Brexit that the country has decided to take," he said.
Mark Carney also said 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.
