Bank of Canada Governor Mark Carney zeroed in on this point in a speech last week in Charlottetown, Prince Edward Island.
That might force the Bank of Canada to hike rates sooner rather than later, as Bank of Canada Governor Mark Carney has warned recently.
In addition to his role as Bank of Canada governor, Carney is also the incoming chairman of the Financial Stability Board, where he takes over from new European Central Bank President Mario Draghi.
FORBES: Bank Of Canada's Carney Warns About Loss Of Global Liquidity
Mr. King retires in June and Mr. Osborne is replacing him with a new ally, Bank of Canada Governor Mark Carney, who he hopes will prove more willing to set aside dogma and embrace less orthodox central-bank policies to inflate away the debt problem.
At the Davos conference in Switzerland, Bank of Canada Governor Mark Carney said U.S. efforts to prevent deposit-taking banks from trading with their own money could damage markets in government bonds and other securities unless the plans are revised, according to Bloomberg Businessweek.
He is currently the governor of the Bank of Canada and will become the first foreign BoE governor in its history when he takes over the reins from Sir Mervyn King.
BBC: Future BoE chief Mark Carney sees 'merit' in policy debate
Which is why George Osborne was very keen to recruit the governor of the Bank of Canada, Mark Carney, to succeed Sir Mervyn King in a rather bigger and more complex job, as governor of the Bank of England.
Bank of Canada head Mark Carney will succeed Mervyn King as governor July 1 in a surprise move for the Bank of England, at a time when the U.K. is facing difficult economic times.
FORBES: Bank Of England Looks Outside After Libor Scandal, Taps Canada's Carney
Currently governor of the Bank of Canada, Mr Carney, his English wife and four children live in a large family house a short distance from his office in Ottawa.
Sir Mervyn will be replaced by the current governor of Canada's central bank, Mark Carney, in July.
When pressed to say whether more quantitative easing would have the desired effect, the incoming governor said, matter-of-factly, that Bank of Canada research had concluded the policy was having diminishing returns, especially in the US. He added this was "not surprising".
The Bank of England will have a new governor in the summer when Mark Carney, currently Canada's central bank governor, takes over from Sir Mervyn King.
BBC: UK inflation rate nudged up to 2.8% by rising fuel costs
The supposed King of monetary policy announcements, Governor Carney at the BoC is again in the limelight this morning as he brings down the Bank of Canada monetary decision announcement.
FORBES: Euro Has Upside Here, But Beware The Tricks Of The Season
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