Carney takes centre stage ahead of Bank of England job

Wed Feb 6, 2013 7:05pm EST
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* Coming UK cbank chief's debut appearance eagerly awaited

* Carney's policy ideas already helped push sterling lower

* Bank regulation also a focus

* Bank of England rate setters meet, no action expected

By William Schomberg

LONDON, Feb 7 (Reuters) - Britain's next central bank chief, Mark Carney, gets his first chance to show how he plans to fix the country's stagnant economy on Thursday, with expectations running high that the Canadian is set on change at the Bank of England.

Carney, the first foreigner to run the bank in its 318-year history, faces a three hour question-and-answer session with lawmakers that could also signal how he will bring his banking expertise to bear on Britain's crisis-hit banks.

After taking over at the Bank of Canada in 2008, Carney earned a reputation for successfully protecting his home country from the global financial crisis and he now faces the bigger challenge of getting Britain out of a rut of almost zero growth.

His new boss, finance minister George Osborne, hailed the 47 year-old former Goldman Sachs banker as "the outstanding central banker of his generation" when he made the surprise announcement in November.   Continued...