A new European cross-Channel divide has opened up, and this time it has nothing to do with Brexit. Instead, the question is one of monetary policy: How low can interest rates go? Mr. Carney last week responded to clear evidence of a post-Brexit slowdown by cutting its benchmark rate by a quarter of a percentage point to 0.25%—its lowest level in the... This is more than simply a theoretical debate. On one side sits the Bank of England and its governor, Mark Carney.

Source: Wall Street Journal August 07, 2016 18:22 UTC