, Columnist
Britain's Unreliable Boyfriend
Whatever Carney says, investors may be misjudging his willingness to hike.
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It's three years since a U.K. lawmaker dubbed Bank of England Governor Mark Carney an “unreliable boyfriend” for flirting with—and then rejecting—higher interest rates. The question for traders and investors today is whether he's once again faking his enthusiasm for tighter monetary policy.
Traders are expecting the Bank of England to raise rates faster than the European Central Bank: investors put the chances of the former tightening before the end of this year at more than 50 percent. Any move by the euro zone institution is seen as almost a year away.