UK names Canadian Carney as new Bank of England chief

Reuters

Canadian central bank chief Mark Carney will take over the reins as Governor of the Bank of England next year, British finance minister George Osborne told parliament on Monday, announcing a surprise choice to replace outgoing BoE Governor Mervyn King.

"He is acknowledged as the outstanding central banker of his generation," Osborne said of Carney.

Continue Reading Below

(Reporting by David Milliken and Matt Falloon; editing by Steve Addison)