2010/11/2

Britain and Europe expected to maintain monetary policy

Economists pointed out that the UK's third quarter gross domestic product (GDP) is expected to increase the level of initial twice the Bank of England Monetary Policy Committee to adopt a new round of quantitative easing in the pressure has eased. Analysts expect the Bank of England will be meeting at the 4-scale change to maintain the quantitative easing policy, while maintaining the benchmark interest rate unchanged at 0.5%.

However, due to the uneven recovery in member economies, the ECB's monetary policy decision is more difficult. Analysts expect the European Central Bank in the fourth quarter of 2011 to keep interest rates unchanged, after raising interest rates to 1.25%.

Data showed the euro zone CPI in October rose 1.9% initial value, reaching the highest since November 2008 level, but still in the ECB target of 2% below the inflation rate. In addition, the euro-zone unemployment rate of 10.1% in September, a new record high; more satisfactory economic performance in Germany, but Ireland, Spain, Italy and other countries unemployment is more serious drag on the euro area economy as a whole.

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Britain and Europe will maintain monetary policy