Powered By

Breaking News

A Canadian named the successor of Mervyn King at Bank of England

Publish Date27/11/2012 01:09:04 PM

Last Update28/11/2012 07:08:02 AM

A Canadian named the successor of Mervyn King at Bank of England

Mark Carney, currently the governor of Bank of Canada, was appointed by the UK government as the successor of Mervyn King at Bank of England.

Carney, 47, will continue to serve as head of the Canadian central bank until the end of May 2013, and he will take his role as the new governor on July 1, U.K. finance minister George Osborne announced Monday.

“He will bring strong leadership and a fresh new perspective. He has done a brilliant job for the Canadian economy as its central bank governor, avoiding big bailouts and securing growth ”, said Osborne.

Although Carney was appointed for eight years, he plans to serve for a maximum of five, until 2018 when his current term as chairman of the international Financial Stability Board ends.

Carney is a Harvard and Oxford-educated economist who worked at Goldman Sachs for 13 years. In 2003 he joined Bank of Canada as deputy governor; in 2004 he left to work for the Canadian finance ministry and in 2008 he returned as governor.

He is seen as “the perfect candidate” to take charge of Bank of England that faces slowing growth and takes on a bigger supervisory role.


Member Account Required
You must be registered as a member of the forums and logged into your account to post messages. If you do not have a member account, please Sign In or Register.
United States
Asia Pacific
Economic Calendar
Holiday Calendar
ECB Calendar
Feds Calendar
BoE Calendar
Boj Calendar
Top News
FX Updates
Market News
Global Highlights
Political News
Around the World
At A Glance & Video Commentaries
Market Pulse
Press Releases
About Us
Contact Us
Privacy Policy
Terms of Services

Risk Disclaimer : All information on this page is subject to change. The use of this website constitutes acceptance of our Privacy Policy and Terms of Service. Please read our Privacy Policy, Risk Disclaimer, Terms of Services and all legal disclaimers. Please note that Forex trading (OTC Trading) involves substantial risk of loss, and may not be suitable for everyone.

Opinions expressed at ICN.com are those of the individual authors and do not necessarily represent the opinion of ICN.com or its management, shareholders, affiliates and subsidiaries. ICN.com has not verified the accuracy of any claim or statement made by any independent writer and is reserved as their own and ICN.com is not accountable for their input. Any opinions, news, research, analysis, prices or other information contained on this website, by ICN.com, its employees, partners or contributors, is provided as general market commentary and does not constitute investment advice. ICN.com will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information. The data contained on this website is not necessarily real-time or accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market prices, meaning prices are indicative and not appropriate for trading purposes. ICN.com does not bear any responsibility for any trading losses you might incur as a result of using this data.