Carney Brexit Crisis Leadership Morphs to BOE Policy Hesitation

  • Rate kept at 0.5% after governor signaled ‘summer’ easing
  • Traders had priced in more than 80% probability of rate cut

Why the BOE Decided to Wait on Rate Cut

Three weeks since Mark Carney took charge of Britain’s economic response to the Brexit crisis, his institution is suddenly seeming hesitant.

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