Reuters (December 16)
With Mark Carney on the way out, the next Governor of the Bank of England will need to “believe in magic…. If all goes well, he or she will not only face the developed world’s current issues of stubbornly low inflation rates, easy credit and climate change. If Brexit also goes wrong, the new bank chief will also need some preternatural gifts.”
Tags: BOE, Carney, Climate change, Developed world, Easy credit, Governor, Inflation, Magic, UK
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
