Bank of Canada Governor Mark Carney was unexpectedly named head of the Bank of England as the U.K. government looked abroad for a candidate untainted by financial turmoil to lead the beefed-up central bank.
The sovereign-debt crisis engulfing Greece risks spreading to Britain and the U.S. unless decisive steps are taken to rein in their budget deficits, said former Bank of England policy maker DeAnne Julius .
July 18 (Bloomberg) -- DeAnne Julius, a former member of the Bank of England Monetary Policy Committee, talks about the minutes of the BOE's July meeting and the outlook for bank regulation. She speaks with Francine Lacqua and Guy Johnson on Bloomberg Television's "City Central." (Source: Bloomberg)
While a cut in U.K. interest rates, as proposed by the International Monetary Fund, “might have a short-lived announcement effect,” it’s unlikely to make much difference to the rates banks offer to borrowers, DeAnne Julius wrote in the Financial Times.