New begins his job as governor of the Bank of boss faces stimulus battle

A file photograph showing the Bank of England in London - EPA

LONDON: Canadian Mark Carney begins his job as governor of the Bank of England (BoE) today, joining an institution divided on whether to pump out more cash stimulus to boost Britain’s fragile economic recovery.

Carney, who made his name as head of the Bank of Canada where he helped to guide the nation’s economy through the global financial crisis relatively unscathed, is replacing Mervyn King who led the BoE since 2003.