Chancellor names new Bank of England governor
Chancellor George Osborne has announced Canadian central banker Mark Carney as the next governor of the Bank of England.
The surprise appointment of the former Goldman Sachs manager will see Carney take over from Sir Mervyn King on 1 July next year.
Carney is the current governor of the Bank of Canada and chairman of G20's Financial Stability Board.
He is credited with playing a key role in helping Canada escape the brunt of the financial crisis, including measures such as keeping interest rates as low as possible for a year in 2009.