More on Osborne's monetary activism: The Chancellor speaks of an "updated remit" for the Bank of...

|By:, SA News Editor

More on Osborne's monetary activism: The Chancellor speaks of an "updated remit" for the Bank of England in which the official inflation target would remain at 2%, but "intermediate thresholds" would allow the MPC to more or less ignore it (it's done a pretty good job of that already). This could set the stage for GDP-targeting at the BOE. Sterling (FXB) is moving about quite a bit, but currently flat on the session. The FTSE (EWU) +0.2%.