New Head Bank of England
It is widely reported that in a surprise move, Finance Minister Jim Flaherty announced Carney will become governor of the Bank of England on July 1, 2013.
Flaherty said it was our loss at the same time bittersweet as we are loosing an important figure who is obviously highly thought of on the world stage.
The appointment is for a single eight-year term which starts the day after current governor Mervyn King. Carney is quoted as saying it was a difficult decision but the right on for him.
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