The Bank of England finds itself in a tricky position leading up to this week’s policymaking committee meeting, alongside its counterpart, the Bank of Japan.
Among the major global central banks, they both face the most intricate monetary policy challenges. However, unlike the Bank of Japan that acted last week and is able to contain the immediate damage from policy hesitancies and possible missteps, the BOE doesn’t have the luxury of time to experiment with policy responses.
Read More : Understanding the Bank of England’s Plight and the Need for Empathy