Weekly Capital Strategy – May 13, 2016

May 13, 2016

If It Isn’t Brexit, Don’t Fix It

This week’s Bank of England policy meeting did not produce a rate cut, as some felt it should have, but officials did weigh in on the issue of a potential exit of the UK from the European Union. Risking criticism of becoming too political ahead of the June 23rd UK referendum, the Bank walked a thin line between noting the significant negative economic consequences of leaving the EU and delivering pre-emptive stimulus in case that is the outcome. Read More…