9 Jun 2014
Divergent economic policies set to prevail between EMU and UK – Danske Bank
FXStreet (Edinburgh) - In the opinion of Anders Fischer, Analyst at Danske Bank, the UK and EMU economies will follow opposite economic paths for a long period of time.
Key Quotes
“ECB executive board member, Coeure, said on Friday that euro monetary conditions in the eurozone and the US and the UK will be divergent.
“We’ll keep rates close to zero for an extremely long period”.
“Although the change in ECB rates will not come into effect before Wednesday, the short end of EUR rates declined to record low levels with Friday’s Eonia fixing at its lowest level in more than a year at 6.7 bp”.
Key Quotes
“ECB executive board member, Coeure, said on Friday that euro monetary conditions in the eurozone and the US and the UK will be divergent.
“We’ll keep rates close to zero for an extremely long period”.
“Although the change in ECB rates will not come into effect before Wednesday, the short end of EUR rates declined to record low levels with Friday’s Eonia fixing at its lowest level in more than a year at 6.7 bp”.