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每日时讯英文阅读:WATCHFUL CENTRAL BANKS SET TO HOLD RATES FIRM
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WATCHFUL CENTRAL BANKS SET TO HOLD RATES FIRM
By Krishna Guha in Washington
Monday, August 04, 2008
The Federal Reserve, European Central Bank and the Bank of England are likely to keep interest rates on hold this week, amid a deteriorating global growth and continued high inflation.
As the first anniversary of the credit crisis looms on August 9, when the ECB first moved to pump €95bn ($150bn) into money markets suddenly starved of liquidity, the outlook confronting policymakers remains grim.
Evidence has mounted of a deepening slowdown in the UK and faltering momentum in the eurozone, while Japan is weak and could even declare a technical recession. US growth could be lower in the second half than the first. Yet everywhere inflation is above its declared or implicit target, and likely to remain there for some time.
Both the ECB and Bank of England will announce rates decisions on Thursday.
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