Bloomberg Foreign Secretary Boris Johnson has urged Theresa May not to contemplate calling another early election, after reports that members of parliament are preparing for a snap vote later this year because of the turmoil of Brexit. “We had a general election in June last year, which followed hard on the heels of a referendum, which itself followed hard on ...

Questions remain about just how many more US exports China’s promised to buy to avert a trade war: US officials have floated the figure of $200 billion annually, which would cut the bilateral trade deficit in half. Even if that were true, however – and Chinese officials have denied it – that massive buying spree wouldn’t bring down the overall ...

Consistency in central banking is usually a virtue. But Brazil is proving that it’s not the highest virtue. One of the big features of monetary policy in the post-2008 era has been an increase in transparency among central banks, which were too secretive in the bad old days. Key to this transparency has been forward guidance, a clear telegraphing of ...