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."
Mark Carney, the next Governor of the Bank of England has revealed some clues to his approach to the job during a speech in Canada.
Despite boasting the role was advertised externally for the first time, the Chancellor worked hard to lure Canadian banker Mark Carney.
The Bank of Canada Governor will bring a lot of experience and a tough reputation to his new role as Governor of the Bank of England.