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BOE doesn't share the Fed's urgency: MUFG
  + stars: | 2024-09-20 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBOE doesn't share the Fed's urgency: MUFGHenry Cook, senior Europe economist at MUFG, says the Bank of England is in no rush to front-load its policy easing path, highlighting key areas of concern compared to the Fed & the US economy.
Persons: BOE, Henry Cook Organizations: Bank of England, Fed Locations: Europe
The euro zone is to discuss changing its fiscal rules - a task that could have market repercussions. Bloomberg | Bloomberg | Getty ImagesThe euro zone will soon reveal changes to its fiscal rules — a move that could have significant repercussions for government borrowing costs and the region's bond markets. At the same time, Germany and the Netherlands would blame the European Commission for not enforcing the rules with fines. "Interest burden on large public debt to GDP ratios is set to increase significantly in the years ahead. This means that in a optimal scenario, the fiscal rules will be changed from 2024 onward.
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