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Continued: BOE governor: Interest rates to remain at 0.5 percent until unemployment falls below 7 percent

  • Article by: DANICA KIRKA , Associated Press
  • Last update: August 7, 2013 - 11:20 AM

Carney is credited with keeping money flowing through the Canadian economy during the economic crisis by acting quickly in cutting interest rates to record lows, working with Canadian bankers to sustain lending and, critically, letting the public know rates would remain low.

But what he really brought to the table wasn't just that he had good policies — he sold them to the public in a way that can be explained at the local pub.

"It's about the man being able to look down the camera and deliver his message to households," said Paul Kavanagh, senior market strategist for Killik & Co.

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