Credible Communications

Monetary policy is as much an art as a science, especially when it comes to building credibility and pursuing an effective communications strategy. With the UK Chancellor on the ropes following further damning evidence of fiscal slippage (and a confirmed loss of Britain’s Aaa status) the burden of responsibility falls even more heavily on the Bank of England to get the UK out of its economic mess.  Unfortunately, a former MPC member (DeAnne Julius) casts doubt on whether the current Bank of England regime is up to the task.
Bank puts its economic reputation at stake, Financial Times, 25 Feb 2013.
Even the new boy needs to tread more carefully if talk of a heavy sell-off in sterling proves warranted.
Funds target sterling in Carney ‘short’, Financial Times, 18 Feb 2013