Canada: Stephen Poloz took over from Mark Carney as governor of the Bank of Canada yesterday, beginning a seven-year term.
Poloz's appointment surprised many, as deputy governor Tiff Macklem had been seen as the frontrunner for the governorship. Nevertheless, Poloz is not expected to introduce any major changes to the Canada's monetary policy, calling the inflation target "sacrosanct" and backing flexible inflation targeting.
Carney takes over as governor of the Bank of England on July 1.
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