Britain's central bank is on the cusp of pulling an unprecedented move to stop Brexit destroying the economy … The Bank of England is on the cusp of cutting interest rates to a new historic low again on Thursday in a bid to mitigate an impending economic slowdown caused by a Brexit. -Business Insider

This Business Insider article points out how the Bank of England is getting ready to save the British economy from the upcoming Brexit recession.

Many in the investment industry are positive about the Bank of England's move to reduce rates from 0.5% to 0.25%. According to a survey in the Financial Times, markets "have already priced in a 75% chance of interest rates being cut from 0.5% to 0.25% this week."

One analyst, for example, Jonathan Loynes of Capital Economics told the FT: "We think the [Monetary Policy] Committee will recognise the dangers of disappointing market expectations and cut the Bank rate by 0.25%."

Britain's interest rates have been at a historic low of 0.5% since March 2009 and before Britain voted to leave the European Union on June 23, the BOE was priming itself to eventually start raising rates again.

Lower rates, as the article points out, are great for people with debts, not for people with savings. Additionally, Carney already stated that the total capital the BoE is ready to inject is an astonishing  $324 billion into the financial system.

And it's not just in Britain. "The Bank of England is also able to provide substantial foreign currency liquidity if needed," he said.

Carney said at this is all part of the BoE's determination to "ensure stability. According to the BI article, he said he has "a clear plan" and "we are rapidly putting its main elements in place, and it is working."

Even though Carney has a "clear plan," the amount of liquidity in the system climbs ever higher and is continuing to create significant distortions, as Jared Dillian points out in a recent Forbes article.

 After Friday's market close, people remarked that both the bond market and the stock market were at all time highs.  It's not supposed to work that way.

Now, it is a common misconception that bonds always are negatively correlated with stocks.  Actually, over the long term, they have a correlation of zero with stocks.

But they spend most of their time in one of two regimes, either strongly positively correlated or strongly negatively correlated.  Over time it works out to be zero.

Yet here we are, with stocks and bonds on the highs.  David Zervos, market strategist at Jefferies, commented that "Central banks may finally be taking this too far."

Dillian's point – as he asserts – is that there has been too much monetary easing:  "I am not the first to say that central banks are addicted to higher asset prices.  It's hard to imagine a scenario where they willingly let the markets deflate."