The Treasury Select Committee chairman Andrew Tyrie MP has announced that the next Governor of the Bank of England Mark Carney will appear before MPs on Thursday 7 February.
Mark Carney is obviously not a fan of central banks, such as the Bank of England and especially the European Central Bank, using code words.
He says this does not help us understand why decisions are made.
Here's a key message: Carney is saying when rates are very low (as in UK), "there could be a more favourable case for nominal GDP targeting".
The next Governor of the Bank of England, Mark Carney, is giving a speech in Canada.
The introduction to the speech listed his many, many achievements and roles - but did not mention his new job in London.
Carney has said openness from central banks equals households and businesses that understand the actions and aims of bank, which leads to more confidence in
the financial future.
Financial expert Paul Kavanagh has told Daybreak that New Bank of England Governor Mark Carney will bring some "freshness and a different culture to the Bank Of England."
Chancellor George Osborne said the new Governor of the Bank of England, Canadian banker Mark Carney was "the outstanding central bank governor of his generation." He said:
"My responsibility was to get the best person in the world to do this job, and in Mark Carney we have got that person. It is a great thing for Britain."
Former Monetary Policy Committee member David Blanchflower has told ITV News that the role of Bank of England Governor is "too big for one person."
"It certainly looks like it's too big for one person - it's been hard enough to just control the Bank of England and the FSA," he said.
"We have someone here who is highly-skilled at both regulation and monetary policy, but they're presumably going to have to set up a bureaucratic structure with lots of deputies to deal with it."
He said the hiring of Mark Carney is "clearly a very high-quality appointment."