BoE's King says Carney an outstanding successor
LONDON (Reuters) - Outgoing Bank of England Governor Mervyn King praised the choice of Canada's central bank chief Mark Carney as his successor on Monday.
"He represents a new generation of leadership for the Bank of England, and is an outstanding choice to succeed me," King said in a statement.
"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."
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DAVOS, Switzerland - Central banks have done their best to rescue the world economy by printing money and politicians must now act fast to enact structural reforms and pro-investment policies to boost growth, central bankers said on Saturday.