Today George Osborne announced the new governor of the Bank of England. In what was seen as a surprise move he picked a Canadian, the current governor of the Bank of Canada, Mark Carney. In this post Robert Peston looks at why Osborne went across the pond to fill the post, and what Mark Carney might bring to the role.
The Canadian economy and Canada’s banks weathered the great financial storm of 2007-08 in better shape than pretty much every other major developed economy, with the possible exception of Australia. Which is why George Osborne was very keen to recruit the governor of the Bank of Canada, Mark Carney, […]