Wall Street Journal (November 5)
“The drumming you hear in Washington, Frankfurt and Tokyo is the accompaniment to the Central Bank Limbo, as the world’s monetary maestros line up to see how low they can go. The Bank of England (BOE) joined the queue Thursday with its announcement that a rate increase will again be delayed.” BOE Governor Mark Carney warned a year and a half earlier “that a rate rise could come ‘sooner than markets currently expect.’” Nevertheless, “Britain’s monetary-policy committee reverted to dovishness at its meeting this week.”
Tags: BOE, Carney, Central bank, Dovish, Frankfurt, Limbo, Markets, MPC, Rate increase, Tokyo, Washington
The Economist (August 16)
It looks increasingly like Scotland will vote against independence from the UK in the September 18 referendum. “The ‘no’ to independence campaign has a comfortable poll lead,” but this may not be the end of the story. Quebec engaged in what’s become known as a “neverendum” involving “decades-long deliberations over breaking from Canada.” So even if the Scots vote no, there “looms the prospect of a ‘neverendum.’ If unsuccessful, ‘yes’ campaigners could import that decades-long limbo to Britain.”
Tags: Britain, Campaigners, Canada, Independence, Limbo, Neverendum, Quebec, Referendum, Scotland, UK, Vote
