BoE: is a rate cut “extremely foolish” or even-money?

Andy Haldane, the BoE’s Chief Economist, gave a rather extraordinary speech yesterday (here). What was so extraordinary about it was just how off-message it was compared to the recent Inflation Report (which he oversees), MPC minutes and comments from Governor Carney at TSC. The MPC set-up not only allows for, but through the parliamentary process … More BoE: is a rate cut “extremely foolish” or even-money?