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.
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"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)