Monthly Archives: November 2015

Mark Carney was at pains to stress several times that the BoE’s Monetary Policy Committee did not want loose policy to produce an inflation overshoot. It’s puzzling why this concern is stressed so much. If we were well away from … Continue reading →

At today’s Inflation Report press conference, BoE Governor Mark Carney dismissed one question by refusing to say whether the MPC might have cut rates in the hypothetical situation in which the yield curve had not flattened and provided stimulus. It’s … Continue reading →

Two instances. Today, the spectacle of Donald Trump, competing for the Republican nomination in the 2016 US Presidential election, accusing Janet Yellen’s Fed of skewing monetary policy deliberately to help out President Obama. Or John McDonnell, expressing the view that … Continue reading →