European Central Bank announced on February 3, consecutive 22-month benchmark interest rate at historic low of 1% unchanged, in line with market expectations. But analysts believe the euro zone economic recovery, rising inflationary pressures are not balanced and will enable the European Central Bank monetary policy more
Bank of England will be released February 10 interest rate decision, analysts expect the bank to keep rates unchanged at 0.5%, inflation will further increase the ills of its monetary policy decision-making difficult.
European Central Bank left interest rates unchanged
European Central Bank President Jean-Claude Trichet 3, after the monetary policy meeting press conference that the current ECB interest rates was
is worth noting that Jean-Claude Trichet's statement at the 3 on the inflation outlook has changed the wording. He said:
chief European economist at Barclays Capital, Julian Carlo said: This means that the ECB is prepared to continue to bear the pressure of rising inflation, maintain an accommodative monetary policy stance to ensure that euro zone economic recovery. In addition, the euro area in December 2010 the producer price index (PPI) rose 5.3% annual rate, since October 2008 as the fastest growth, further increase inflationary pressures.
to the latest Bloomberg survey, economists surveyed widely expected, the ECB will be in the fourth quarter of 2011 to raise interest rates, rather than the previous estimate of late 2011 or early 2012.
European Central Bank Governing Council member of the Luxembourg central bank governor said Mo Shi 8, if not a temporary rise in inflation in the euro area, and stir in member countries intervention. Mo Shi also said:
Standard & Poor's latest report is expected in the next year and a half, Spain, Ireland, Greece and Portugal, may still be in deep economic recession; Germany and Finland's economic growth rate of at least 2%; Britain, France , Italy, Belgium, Luxembourg and the Netherlands are 1.5% economic growth rate to 2%. S & P chief economist for Europe - ��Ъ��ϣ��˹ said that this
internal differences, the British central bank to increase
the latest Bureau of Statistics data showed the UK, in December 2010 the country's inflation rate climbed to 3.7%, not only hit a high of 8 months, and for several months has been far above the central bank's 2% target. At the same time, the United Kingdom the fourth quarter of 2010 gross domestic product (GDP) initial value, decreased 0.5%, the highest since the second quarter since 2009, the largest chain drop, the economy into stagflation quagmire.
Bank of England Governor Mervyn King predicts inflation in the country will likely rise in the coming months from 4.0 to 5.0 percent of the higher level. 8 analysts pointed out that if not effectively control inflation, the credibility of the Bank of England will be in danger.
the Bank of England Deputy Governor responsible for monetary policy, Bean has said that if commodity prices remain high, interest rates to take timely action would be a wise choice. Bank of England Monetary Policy Committee (MPC) members Sitan Sen also called for, should immediately raise interest rates gradually to avoid the risk of future interest rates substantially.
January 2011 the Bank of England monetary policy meeting minutes shows that in the Monetary Policy Committee's nine members, two in favor of an immediate rate hike by 25 basis points, Will members also joined the call for additional Sen Tansi income ranks; six members to support monetary policy unchanged; Sampson members, however, still support the assets of 50 billion pounds to buy scale in order to stimulate economic growth.
Bloomberg 7 for 62, according to a recent survey conducted by economists, all economists surveyed expect the Bank of England kept interest rates at 10, unchanged at 0.5%, However, differences of opinion within the bank will further expand. Deutsche Bank economist George Buckley believes that the Bank of England monetary policy to monetary policy makers in the formation of the
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