Mark Carney named new Bank of England governor

Stories You Might Like

• Mixed message from election for Spain's Catalonia
• Understanding the GDP paradox
• NRF: Record 247 million shopped holiday weekend

5 Comments

Share

 http://www.marketwatch.com/story/mark-carney-named-new-bank-of-england-governor-2012-11-26?siteid=bigcharts&dist=bigcharts

 

 Nov. 26, 2012, 10:56 a.m. EST

new

Portfolio Relevance

LEARN MORE

By Sara Sjolin

LONDON (MarketWatch) -- The U.K. Treasury on Monday named Mark Carney as the new governor of the Bank of England from July 1, 2013, when the current boss Mervyn King steps down from the job. Carney is currently governor of the Bank of Canada along with serving as chairman of the Financial Stability Board. Chancellor of the Exchequer George Osborne welcomed the appointment and said that "Carney has done a brilliant job for the Canadian economy as its central bank governor, avoiding big bailouts and securing growth." The announcement came as a surprise to market spectators, with Paul Tucker, the deputy governor, lined up as the favorite for the position, according to the Guardian.