Bank of England monetary policy - Mark Carney is going off script

Author: Eamonn Sheridan | Category: Central Banks

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"

tee hee