Breakingviews

Blueprint for new BoE could start with rebrand

October 22, 2013

The Bank of England has hired McKinsey and Deloitte to review strategy and operations. It’s a chance for the 319-year-old institution to review its KPIs to better leverage its USP and remotivate its key stakeholders.

Carney shows touching faith in financial regulation

October 25, 2013

The Bank of England governor’s broadly sensible new liquidity regime is part of an “open for business” approach to banking. But if the UK prospers as a global financial hub, it will be tied to a volatile sector. And Carney may overestimate the ability to deal with crises.

BoE can escape its self-made forward guidance trap

November 13, 2013

When the Bank of England linked monetary policy to the labour market, it was unduly pessimistic about unemployment. Governor Mark Carney is now trying to fine tune his message, but he could just simplify: rates will stay at record lows for a while, whatever the jobless rate.