Mark Carney raises NGDP expectations

BoE governor-to-be Mark Carney made a speech titled 'Guidance' last night. It was all about communications strategies, for both companies and central banks -- a very interesting topic for students of monetary Jedi tactics. Carney stressed at the beginning that his talk would be about guidance, and not containing guidance. Tee hee! However, he did drop the N-bomb and when a...