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Bank of England readies guidance push, under wraps for now

England and its new governor Mark Carney (Mark Carney) banks will go to a new way to foster economic recovery in the UK Thursday, when the central bank put the finishing touches on the end of the policy meeting.
But the financial markets may wait a few days before they get long awaited steering interest rates are likely to remain in their record lows.
In his first policy meeting on banks, nearly a month ago, Carney warned that their price hike too fast surprised investors.
Pushdown sterling and UK government bond yields with a bang, and introduced Governor Carney.
Economists have no chance, this time. They warned that the bank cut the benchmark interest rate, or a variety of measures, the Monetary Policy Committee attempts to encourage banks to lend to companies outside of the possibilities.
JP Morgan Chase right note to clients: "Tomorrow's Monetary Policy Committee meeting to cover all bases." It's an opportunity to change a policy of 20%.
The most likely scenario is that the bank holds interest rate of 0.5%, and keep the ice when its bond-buying program, has been dormant since October.
It is also expected to keep a lid, now, any agreement to convince policy-makers to strike home, business and market borrowing costs will remain low.
MPC announcement will be 1200 BST, shortly before the end of the ECB's monthly policy meeting, with its own plan to convince the market, the interest rate on the card is not able to provide more details.
Its latest policy meeting Wednesday after the U.S. Federal Reserve Board did not provide any hint as soon as the company plans to cut its economic stimulus plan, said the U.S. economy is recovering, but still need support.
From Ottawa to London
Carney using the "forward guidance" to help shield his native Canada from the worst financial crisis, promised to keep interest rates unchanged in 2009 more than a year.
This is a bold move, the British Chancellor of the Exchequer George Osborne, who lives Ming Kani first foreign bank governor late last year caught the eye.
Osborne requirements Carney and other bank policymakers August 7 report to him, and the bank's quarterly economic forecast guidance to the merits of the United Kingdom.
Unlike in Canada, where he needed from his representatives in the country's central bank to reach a consensus, the nine banks Carney draw strong MPC, including its independent external decision-makers.
Several of them make a commitment to monetary policy, which would interfere with their ability to cope with economic change expressed concern. Signs of a turnaround in the UK has begun to emerge in recent months.
But the economy is still more than 3 percent before the financial crisis of the small, vulnerable creeping interest rates in the financial markets, especially in the U.S. economic recovery and put pressure on the British bond prices.
All nine members of the MPC further bond purchases meeting on July 3-4 vote, the bank's focus on the protection of economic recovery seems to be to give clear guidance on interest rates, declines in the unemployment rate may hike conditions.
"There seems with IHS Howard Archer, chief UK economist, said," There is no doubt that Mr. Carney and his colleagues will have to MPC RAM enterprises, consumers, and any tightening of monetary policy, the market is a very long way to Walking News Global Insight (Global Insight) in London.
 



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