Mervyn King says Carney an outstanding successor

Outgoing Bank of England Governor Mervyn King praised the choice of Canada's central bank chief Mark Carney as his successor on Monday.

"He represents a new generation of leadership for the Bank of England, and is an outstanding choice to succeed me," King said in a statement.

"Since Mark became Governor of the Bank of Canada, I have worked closely with him and admired his contributions to the world of central banking, in which he is widely respected."

(Reporting by Olesya Dmitracova; editing by Guy Faulconbridge)