The appointment of the Bank of Canada's Mark Carney as the next Bank of England governor has been heralded as an "outstanding choice" by analysts and led to upgrades for UK banks.
Chancellor George Osborne announced Carney's appointment yesterday, confounding a consensus which had expected deputy BoE governor Paul Tucker to take the role. Carney's arrival at the Bank next July raises a number of questions for investors, particularly as central bank policy continues to guide market movements. The 47-year old has presided over a period of relative economic stability in Canada, meaning policy tools such as quantitative easing have not been required. With no minutes released for Bank of Canada policy meetings, opinion is divided on whether Carney errs more on th...
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