Its title caught my attention immediately because the number crunchers at the
Old Lady of Threadneedle Street contrived to put the words "Financial" and "Stability" in the title of their report.
Few events in the life of The
Old Lady of Threadneedle Street, as the Bank of England is affectionately known, are as significant as the appointment of a new Governor.
The
Old Lady of Threadneedle Street spent PS3,324 on a retirement reception for the ex-monetary policy committee (MPC) member, who stepped down on August 8.
The SNB balance sheet is now 500 billion francs or 80 per cent of the Swiss GDP, thrice the comparable balance sheet size of the Fed, the
Old Lady of Threadneedle Street or the Bank of Canada relative to economic size.