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Europe Day Ahead: BoE to resist rate-cut pressure

Wednesday, June 06, 2012 - 01:41

June 6 - The Bank of England is likely to resist pressure from the IMF, among others, and maintain its policy stance when it meets on Thursday.

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The Euro gives up most of its gains and some of the shine comes off stocks too -- ECB present Mario Draghi dashed hopes of more cheap loans. The Central Bank also resisted any policy changes. And denying that any deals between governments and the ECB on sticking to austerity. There is no sort of horse trading here. He would not be proper for us they would not be proper for the consequences. These processes have their own independent. Legislative. The rules. And they can't be it's they they can't be subject to with the U monetary policy make a decision. It's the Bank of England -- asylum policy on Thursday economists say there's an even shocks the bank could start up the printing presses again. As Britain's struggles with a recession and the rapidly weakening euros and. A losing interest in the Bank of England is once again started to emphasize. UK's links into a into Europe their exposure -- -- -- develops the nearest and so I think. That's is now sitting sitting up. For a further. Policy action from the bank being and so we believe that. There is a very strong likelihood that we see the I think and acting once again and we could see it studies this week with quantitative easing. Across the Atlantic Fed Chairman Ben Bernanke gives testimony before congress also las week's disappointing job stays analysts will be looking for clues. On any additional Q -- you that. Spain returns to the capital markets with a two billion eurobond sale the issue will be made more problematic off -- treasury minister most auto. -- the country is being effectively shots out of the global financial markets that's it for that -- a problem this is for instance.

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Europe Day Ahead: BoE to resist rate-cut pressure

Wednesday, June 06, 2012 - 01:41