Reuters - Video

Edition: US | UK | IN | CN | JP

Video

Europe Day Ahead: Bank of England seen leaving rates on hold

Wednesday, December 07, 2011 - 02:42

Dec. 7 - The Bank of England is expected to leave interest rates on hold at a half of one percent, as it wraps up its two-day policy meeting. The ECB is also expected to cut rates by a quarter of a point.

▲ Hide Transcript

View Transcript

Signs of a split between France and Germany even before this week's medical break summits give the -- right a -- A senior at German government official tells Reuters on and his increasingly pessimistic about the -- is a -- comprehensive deal to save the single currency. Euro dollar tumbling two -- of the sense the holding around one dollar 3360. Peripheral yield spreads -- the clintons also widening. And European sense losing ground as this can sons of -- French president Nicholas Sarkozy has been meeting the US Treasury Secretary Tim Geithner. Paris so far sticking to an upbeat line saying France and -- will not leave Friday's summit without a powerful deal in place to hold the crisis. The main plank is expected to be -- penalties for countries with it which exceeds. Deficit targets. Now before the summit gets under way central banks on in the spotlight on Thursday the Bank of England winds up its two day policy meeting. The bank expected to leave interest rates on hold. That's a half of 1% and its bond buying program unchanged at 275. Billion pounds. Any file works are expected to come from the European Central Bank the market looking for another quarter point rate -- from the ECB to 1%. Paving the way for further que me. In the next six months. Later in the day and just ahead of the Brussels summit here is -- leaders who got them -- sent the congress of the French he PP center right parties. Now might be too early to sound the -- -- death knell for the prolonged period of weakness seems lightly and he wants his poll out today -- here I don't know one gutsy and those three months. Six months' time we'll -- had investments that standard life investments also says a breakthrough Brussels may not give market sentiment and immediate lift. It will take time and not think in the interim the market has been confident. The measures will be taken to provide the liquidity of the backdrop liquidity support view of the banking system. In order to ensure that we're able to make the schools to teach transition. Finally financial markets in heavy metal music may not often find themselves on the same stay. -- -- the US found Metallica. We'll put a European full schedule of 2013 -- next year. That -- of the Euro will collapse and -- get paid. Stable -- that Red Hot Chili Peppers have also rescheduled sample base of fans management say that like Coca-Cola. I US export and they look for the best office. Now stay within sign up for all the latest developments in the run up to that key here -- and -- getting underway in Brussels on Thursday evening on Dustin Johnson. This is what's this button.

Press CTRL+C (Windows), CMD+C (Mac), or long-press the URL below on your mobile device to copy the code

Europe Day Ahead: Bank of England seen leaving rates on hold

Wednesday, December 07, 2011 - 02:42