Britain Tightens Monetary Policy

This was certainly disappointing: LONDON (Reuters) – The Bank of England broke with tradition on Wednesday, saying it planned to keep interest rates at a record low until unemployment falls to 7 percent or below, which it views as unlikely for another three years. But its attempt to steer expectations about future rate moves and bolster a [...] View the full post at: Britain Tightens Monetary Policy Related posts: Gradualism: The Worst Possible Approach to Monetary Policy in a World of Uncertainty Transparency Equals Effective Monetary Policy Britain’s Third-Largest Bank Meets Stress Test Requirements