Mark Carney
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Mark Carney takes over as head of Bank of England

Mark Carney has officially become head of the UK's central bank, replacing Sir Mervyn King as governor of the Bank of England.

Mr Carney, who was head of Canada's central bank, is the first foreigner to run the 319-year-old institution.

He takes over with interest rates at an all-time low and with several stimulus programmes in place to revive the economy following the financial crisis.

BBC Breakfast's Steph McGovern said colleagues from Canada described Mr Carney as having "extraordinary charisma".

George Parker from the Financial Times told her, "I think he'll become a bit of a household name".

  • 01 Jul 2013
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