Daniel Moss, Columnist

One Misstep Now Would Cost the Bank of England Its Credibility

It signaled quite clearly that it would raise interest rates. To do anything else would cause years of trouble.

October 31, 2017 at 5:00 AM UTC

Daniel Moss is a Bloomberg Opinion columnist covering Asian economies. Previously, he was executive editor for economics at Bloomberg News.

Mark Carney, the potentially reliable boyfriend.
Photographer: Kirsty Wigglesworth - WPA Pool/Getty Images

Provide news feedback or report an error

Site feedback:

Take our Survey

There's more than just interest rates on the line at the Bank of England this week.

After a number of false alarms on borrowing costs, most recently in the middle of this year, economists appear confident the BOE will increase its benchmark rate by a quarter point to 0.5 percent. (That's still very low.)