Disclaimer: Forex trading involves high risks, with the potential for substantial losses and is not suitable for all persons. The views expressed in this blogsite are those of the author(s) and do not necessarily reflect the official policy, position, or opinions of Global Forex Trading. Excerpt from: Forex Forecast
|  | | December 01, 2008 | | Interest rates expected to drop in euro zone, Britain | The forex trading forecast this week calls for interest rate cuts. This week, the European Central Bank and the Bank of England are expected to make interest rate decisions. The general consensus is that both the ECB and the BoE will cut rates.
Up until a couple of months ago, inflation had been seen as too great a concern in both the euro zone and in Britain. Now, though, that worry is mostly over as recession sets in. Rate cuts are expected to be rather dramatic -- as much as 100 basis points in the case of the Bank of England.
Also, the central banks in Australia and New Zealand are expected to ease monetary policy.
| Topic Tags: BoE rates, European Central Bank, forex forecast, forex trading, forex trading forecast, interest rate cuts, interest rate decisions, recession | |
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