In case it isn’t clear enough, this just further underscores the policy divergence narrative.
BANK OF ENGLAND VOTES 7-2 TO MAINTAIN BENCHMARK INTEREST RATE
This should be all kinds of amusing.
But hey, this should be fine, right?
Is this it?
Translation: this is not a drill, dammit.
Well that’s a bit hawkish…
Who’s ready for another week like last week?!
But for those interested in trying to “DO SOMETHING” (as opposed to just kicking back and being “actively” passive)…
“…a Bank of England-issued digital currency would potentially allow British citizens to keep their money – in digital form – with the central bank itself, dispensing with the need for a retail bank.”
“Bank of England says that some modest tightening may be needed in next few years.”
A snowy hike and so much more.
“Nothing, it seemed, could upset the future.”
“Yet, we would argue that the mere fact that investors fail to spot trouble in a single sector should not be grounds for comfort: the reason why no single sector stands out may be that all the sectors are mispriced.”
The fireworks started in Japan and that’s where they ended.