Power & Market
Author:
Ryan McMaken
Online Publish Date:
2008, although well below 5.25 percent rate reached during the last expansion. Europe, however, has signaled it has no plans to follow the US in moving key rates upward. The Wall Street Journal reports today that European central banks “showed continued caution, leaving policy unchanged”: Despite Policy makers face a unique challenge in the U.K.’s departure from the European Union in 2019, and the path for rates is therefore more uncertain than elsewhere in