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Europe Day Ahead: Central banks to hold fire

Wednesday, January 09, 2013 - 01:38

Jan. 9 - Policy decisions are due from the ECB and Bank of England, but with euro zone data picking up and inflation a worry in London, the betting is that the central banks will keep their powder dry for now.

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This is a look ahead to Thursday's key events and as you'd expect to central banks in the spotlight. Few economists expecting anyone raised by the ECB with economic data showing signs of stabilizing. The vexing is that -- we'll keep his powder dry and I've. The Bank of England also expected to stay in wait and see mode no expectation of -- content based race while rising inflation risks mean outings this 375. Billion pounds of -- but just isn't. It's also unlikely. I'll potty analyst Craig Allen is among those bouncing them for their easing from the DOE is still some months away. I think there's still a lot of problems and was able members of the previous meeting voted against further loss of pets is to keep just a star but its funding -- -- -- -- stuff. Hasn't a major impact on the economy before we start to look across the night is. I think we're going to be looking at next month before we start to look at any real change from the -- and I'm -- I think -- only Coleman if we do you see the UK contract in the fourth quarter of 2012. Tomorrow's main data points come from France industrial production seen returning to positive territory November as our final inflation figures for December. CPI forecast to post a gain of not point 2% on the month house according to economists polled by Reuters. What some thought respondents bond auction tomorrow to -- waiting to see how Spain's first -- and the capital markets this year will go. Madrid selling up to -- billions of bonds at auction sentiment towards the unit is on drifter has been pretty good Ireland had a successful return to international debt markets on Tuesday selling two and a half billion euros of five year paper. Not some look ahead to tomorrow's key events I'm seemingly gave up the supporters.

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Europe Day Ahead: Central banks to hold fire

Wednesday, January 09, 2013 - 01:38

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