Great expectations greet the Bank of England's first foreign governor, but will Mark Carney instigate great change or merely follow in the footsteps of Mervyn King? Rebecca Jones reports...
News that the governor of the Bank of Canada, Mark Carney, would be taking the top spot at the Bank of England (BoE) came as a bit of a shock when it was announced last November (1 July is his first day in the job). While we Brits had long adjusted to the idea of foreigners managing our national football teams, it seemed we were not quite ready for a Canadian to govern the BoE. Yet, while MPs, City workers and the industry’s press expressed their astonishment, they could not find much else wrong with him. Credited with steering Canada safely through one of the worst financial crises s...
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