The ECB will keep rates unchanged, the Bank of England will announce the pause in the foreclosure of assets

European Central Bank (ECB) will keep the base interest rate at 1% per annum for the meeting on Thursday, analysts predict, interviewed agency Bloomberg.

ECB cut rates by 1% annually in May and announced the beginning of redemption of bonds amount to € 60 billion, intended to stimulate lending and economic support.

Bank of England, the rate which currently stands at 0.5% per annum, on Thursday will decide whether or not the restoration of the UK economy strong enough to CB to complete the program of redemption of debt in the market.

Eight of the 12 primary dealers expect the Central Bank announced the suspension of the program is already on Thursday.

Bank of England has spent 125 billion pounds ($ 212 billion) from 150 billion pounds available to him the Ministry of Finance in March this year to curb the growth rates in the credit market and bring the economy out of recession.

According to the British Bankers Association, these actions contributed to the increase of CB volume of small business lending by 23%.

Bank of England may have done enough - notes strategist Citigroup Inc. in London, Jamie Сирле. - On Thursday, they are likely to announce the suspension of purchase of assets and assure the market that can quickly resume if necessary. We believe that such a need does not arise since the British economy begins to recover.

During the July meeting of the Bank of England has refused to increase the purchase of assets, noting that sought to assess the impact of measures already taken by them on the country's economy.

Federal Reserve System (FRS) the USA retains the rate in the target range of zero to 0.25% per annum from December last year. The rate of the ECB is the highest among the world's largest Central Bank.


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