Steven Major, head of fixed-income strategy at HSBC Holdings Plc, talks with Bloomberg's Mark Barton and Sara Walker in London about today's interest rate decisions by the Bank of England and the European Central Bank and the outlook for monetary policy in 2008. U.K. policy makers will lower their benchmark interest rate by a quarter point to 5.25 percent, according to all but two of 61 economists surveyed by Bloomberg News, while the ECB will probably leave its key rate at 4 percent.
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Added: Feb 7, 2008 |
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