Posts by "djellal"

BULLET: UK: Rating agency Standard & Poor's said Tuesday.....
22-fvr.-2011
UK: Rating agency Standard & Poor's said Tuesday that rising
inflation may spark "a cautious rise" in interest rates in the UK and
Eurozone this year. S&P published remarks by its chief economist
Jean-Michel Six warning of a "sub-optimal" policy response, with central
banks seeking to restore inflation fighting credibility at a time when
the economic recovery is weak. In a report entitled "Europe's Inflation
Dilemma Is Weighing On The Economic Outlook," the agency highlighted the
problems posed by above target inflation outturns at a time of fragile
recovery. "On the one hand, central banks will be tempted to raise
interest rates, a typical way to fight inflation," S&P's chief economist
Jean-Michel Six said. "But on the other hand, a weak economic outlook
among most members of the European Monetary Union and the U.K., together
with an unresolved debt crisis among some sovereigns, still appears to
call for an accommodative monetary policy, with continued so-called
nonstandard measures and very low interest rates," he added.
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