Bank of England (BoE) Governor Mark Carney said before Treasury Select Committee on Tuesday that a deal to keep Britain in the EU (European Union) was important for UK's monetary and financial stability.

"The Settlement addresses the issues the Bank identified as being important, given the likely need for further integration of the euro area, to maintaining its ability to achieve its objectives," he wrote in a letter to the Treasury Select Committee.

"Finally, it makes a series of commitments to improve the competitiveness of the EU economy-commitments, to the extent they are fulfilled, that would reinforce the positive impact of EU membership on the Bank's secondary objectives," Carney added.