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LGT-European Central Bank & Bank of England in today's focus

August 8, 2014

ENP Newswire - 08 August 2014

Release date- 07082014 - The European Central Bank (ECB) will probably leave interest rates unchanged at today's meeting, two months after the central bank announced an unprecedented package of stimulus measures including a negative deposit rate and targeted loans to banks.

The ECB might even consider a further expansion as the Eurozone economy is at risk from the crisis in eastern Europe. The Bank of England is also expected to leave its benchmark interest rate unchanged at a record low. However, discussions among policy board members on the timing of a turnaround will probably heat up, as some see the economy to continue its moderate recovery path, while others point to signs that parts of the recovery are softening, as manufacturers battling a stronger pound and strains in the Euro-area.

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Source: ENP Newswire

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