The Bank of England whipsawed markets today by leaving its policy stance unchanged, despite hints of a tightening that were given out last month. This variability is not particularly surprising to me, so I just want to comment on some of the deeper issues. I believe that I have discussed these topics in the past on my blog, but since I have many new readers, I will run through my thinking again.
Central Bank Transparency
Central Bank Transparency
Central Bank Transparency
The Bank of England whipsawed markets today by leaving its policy stance unchanged, despite hints of a tightening that were given out last month. This variability is not particularly surprising to me, so I just want to comment on some of the deeper issues. I believe that I have discussed these topics in the past on my blog, but since I have many new readers, I will run through my thinking again.