Economics Weekly by Lloyds TSB

The Bank of England (BoE) and the European Central Bank (ECB) are expected to leave interest rates on hold at their monthly meetings on Thursday, and we expect neither of the two Banks to make changes to previously announced non-standard credit easing measures.

BoE and ECB interest rate decisions, US employment report due

The Bank of England (BoE) and the European Central Bank (ECB) are expected to leave interest rates on hold at their monthly meetings on Thursday, and we expect neither of the two Banks to make changes to previously announced non-standard credit easing measures. In the US, we expect the rate of decline in employment to have slowed in May for a second successive month, but the unemployment rate is forecast to have risen above 9% to the highest level since September 1983.

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