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BOE governor’s rate hike signals something rotten in UK economy

Bloomberg Bank of England (BOE) Governor Mark Carney is ready to raise interest rates from a position of economic weakness rather than strength. The fastest inflation in four years has left the UK central bank preparing to hike next month for the first time in more than a decade, yet it’s not an accelerating economy fanning those price pressures. Instead, ...

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ECB finds common ground on rates

Bloomberg European Central Bank (ECB) policy makers are poised to preserve their commitment to ultra-low interest rates even as they wrangle over how long to keep their bond-buying program going. Members of President Mario Draghi’s Governing Council will meet this month amid discord over whether a strengthening economy means now is the time to plot an end to more than ...

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Too much central bank talk means ‘confusion not clarity’

Bloomberg The Swiss National Bank’s shock policy U-turn in 2015 has gone down in the annals of history for roiling markets. Now two of the institution’s economists have, in effect, backed its approach to communications. Thomas Lustenberger and Enzo Rossi argue that increased central bank communication over the years has “created confusion rather than clarity” and hasn’t helped investors and ...

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