The Presidential Daily Brief

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    Bank of England Holds Rates as British Cabinet Posts Assigned

    Have they hit bottom? Bank of England head Mark Carney’s just announced interest rates will stay unchanged at 0.5 percent, still a record low — though cuts were widely expected. Carney cautioned that much depends on Britain’s trade renegotiations with the EU, which will be handled by new Prime Minister Theresa May’s Brexit czar, David Davis. Meanwhile, chief Brexiteer Boris Johnson — famous for insulting international leaders — has been tapped to serve as foreign minister, which prompted the French foreign minister today to label Johnson a “liar” and someone with “his back against the wall.”

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