Investment Week (November)
The recent 0.25% increase “in interest rates announced by the Bank of England leaves us with no more clarity about the direction of monetary policy than we had before the micro-adjustment. Indeed, the increase raises rather more questions than it resolves.” The cut may simply reverse “the rather ill-judged post referendum cut,” Or it could be one off “nod to those worried about inflation becoming more embedded.” Or it could be “the start of a sequence that will see regular increases in rates along a path towards normalisation.”
Tags: Adjustment, BOE, Clarity, Direction, Inflation, Interest rates, Monetary policy, Normalisation, Referendum
Financial Times (March 30)
“The real eurozone problems are hidden under the bonnet…. The most important adjustment that needs to take place is a convergence of prices and labour costs.”
Tags: Adjustment, Convergence, eurozone, Hidden, Labour costs, Prices, Problems
