Mark Carney 'out-Herods Herod'

Just as Hamlet criticised the player who ‘out-Herods Herod’, so Mark Carney might be charged that he ‘out-Keynes Keynes’. First there was ‘pump-priming’, then came ‘kick-starting’ and now Mark Carney insists on reaching ‘escape velocity’. Yet, the information content of his pronouncements is nil: market expectations of a rise in short-term rates by mid-2015 are unchanged. The purring noises of approval from No. 11 imply, however, that George Osborne senses a pre-election ‘feel-good factor’ in the making.

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Source: http://www.iea.org.uk/blog/mark-carney-out-herods-herod

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