The outgoing Bank of England Governor Sir Mervyn King has welcomed the appointment of Mark Carney:
I am delighted to welcome Mark Carney as my successor.
He represents a new generation of leadership for the Bank of England, and is an outstanding choice to succeed me.
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.
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.