Bank Of England Follows Bernanke And Adopts Explicit Rate Guidance
August 07, 2013 at 12:14 PM EDT
Early Wednesday, the Bank of England, led by Governor Mark Carney, formally adopted forward rate guidance. The BoE became just the second major central bank to adopt such policies, following Ben Bernanke of the Federal Reserve in tying rate hikes and other policy initiatives explicitly to economic data. "Explicit Rate Guidance" Governor