Editorial Board
The Bank of England's Dilemma
Britain's future prosperity turns on Brexit, and the BOE can't do much except hold a steady course.
Carney is a man with an impossible job.
Photographer: Anthony Devlin/WPA Pool/Getty ImagesThe Bank of England meets on Thursday to decide whether to raise interest rates. With inflation rising and growth slowing, the economy is sending mixed messages and policy makers are in a bind.
On balance, with the outlook so uncertain, the central bank should leave rates unchanged. At the moment, there's too big a chance that an increase would need to be quickly reversed.