Asset prices will probably move when central banks start cutting rates in earnest. Are you ready?
bank of england
The Bank of England governor is going to raise interest rates and put millions out of work… but it’s all in a good cause.
Mervyn King blames globalisation for the credit crisis, but that hardly gets him or us off the hook.
Pretty, isn’t it? Well, perhaps not if you’re a member of the Bank of England’s monetary policy committee, responsible for setting interest rates. In your case it’s a headache: a rather bloodier shade of red might be more appropriate. The graph is taken from the Bank of England’s latest quarterly Inflation Report for November 2008. [...]