◀ The Principal Blog

Posts tagged ‘bank of england’

Central banking: The New Era



Rate normalisation is the phrase on everyone’s lips. Well, maybe not everyone’s…some people have just been saying “higher interest rates.” Currently, the United States and the UK look like they going to be the pathfinders, striding toward rate hikes while several other major central banks…

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Don’t Fight the Fed and Don’t Combat Carney: Forward Guidance at the Bank of England



Mark Carney has really put his stamp of authority on the Bank of England (BoE). After just one month as the BoE’s new governor, he’s already shaking things up. At the latest meeting of the Monetary Policy Committee (MPC), he introduced forward guidance that would have been almost unimaginable…

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