Reaction Roundup #2
Left Outside has a very good post explaining exactly what was announced yesterday.
City A.M. have a trio of reports: Lars Christensen says the Bank falls short though it made a small step forward (I reluctantly agree), Allister Heath says it will backfire, and Andrew Sentance says we risk steep rises later.
Simon Nixon’s write up for the WSJ is on the whole very reasonable, but give up with the “housing bubble”!
Carney was on Radio 4 Today this morning, he said exactly the right things about Japan when Evan Davis asked him about low rates punishing “savers”.