A report in today’s Financial Times notes that the newly appointed governor of the Bank of England, Canadian Mark Carney, was chosen for his communication skills:
As Jennifer Jeffs, president of the Canadian International Council, a think-tank, puts it: “He doesn’t speak like an economist; he speaks like a human being.”
Evan Solomon, the Canadian writer and broadcaster, suggests those communication skills may be the greatest asset that George Osborne, the chancellor, saw in him, to restore confidence not just in monetary policy, which will be Mr Carney’s direct responsibility, but in the UK economic strategy as a whole. “The administration needs someone who can speak to the people,” Mr Solomon says. “People will not just trust him, but feel he’s a human being.”
Given the turgid prose employed by many central bankers, the bar is not set too high for a plain-spoken Canadian to win the hearts and minds of the British. Of course, when you’ve got them by their mortgage rates, their hearts and minds will follow.