Bank of England monetary policy - Mark Carney is going off script
Here is an interesting read for what may turn into a sedate Asian Friday ...
Its from Bloomberg on the Bank of England, noting that textbooks would say to raise interest rates. Mark Carney is going off script.
- labor market is powering ahead
- inflation exceeds the Bank of England's target
- ... a great rationale for increasing interest rates. Yet there's little appetite at the central bank to do that.
- Carney ... (is) once again being mocked for his mixed messages and lack of follow-through -- like an "unreliable boyfriend"