An Apology

Well I'm glad my BoE Primer got very few views... I came out gloating before the meeting as odds on a rate hike had plummeted. Well here we are, the BoE's hiked rates. 

We live in crazy times. I was wrong, but this is probably the last BoE hike for a long time. I view this as a policy error and the BoE has totally destroyed its own credibility as a communicator of information. 

I am baffled, confused and shocked. The BoE is now like the Grinch who stole Christmas. Well, we live and learn and I apologise for my overconfidence. I think I'm technically supposed to eat my hat now, but I'm hoping my apology will suffice. 

Next up the ECB, let's see how wrong I can be there :) 

Just as a heads up, I am taking some time off writing over Christmas - there will be a couple of thematic pieces, but none of the regulars will appear for the next two weeks.