New Bank of England Governor: Mark Carney

Mark Carney, the current governor of Canada’s central bank, has just been appointed as Bank of England Governor. He will take the position in on 1st July 2013.

We’ll be doing some research to find out whether this is good or bad news. We would have preferred Adair Turner, but as someone who has been extremely explicit about the monetary roots of the financial crisis, he was most likely seen as too radical.