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Thursday, February 06, 2014

Whither Rates?

Today sees both the Bank of England and ECB announcing their decisions on their respective interest rates.

Whilst it is more or less certain that the UK's rates will remain unchanged, there are some expectations of a reduction in ECB rates given the dire levels of unemployment in the Southern region of the eurozone.

However, those in the Northern region of the eurozone (who are in effect in charge of the ECB) are more than content with their lot and a strong Euro; ie they will not be pushing for a cut in rates or quantitative easing anytime soon.

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