European banks are rallying on hopes for an expansion of the Euro Zone bailout program and possible ECB interest rate cut. Louise Cooper, markets analyst at BGC Partners, weighs in.
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The Swiss National Bank reiterated its commitment to cap the franc's rise at 1.20 per euro to lessen the risk of a recession as it kept rates on hold at zero on Thursday.
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The Swiss franc on Thursday held on to gains made the previous day after a top government official said Switzerland would have to live with a strong currency, while commodity currencies dipped after Brazil unexpectedly cut interest rates, citing worries about the global economy.*
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The British Chamber of Commerce cut its growth forecasts for the UK for this year and next and said the weaker-than-predicted economy means interest rates will have to stay low longer than expected.
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Jacob Kirkegaard, Senior Research Staff at PIIE says the ECB will not be cutting rates now or in the near future. He also believes that rates will be on hold for the rest of the year.
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An outlook on Europe's economy, with Constance Hunter, Aladdin Capital Holdings chief economist, who says its time to move away from European mutlinationals.
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The Bank of England (BoE) is expected to hold rates on Thursday after weaker than expected gross domestic product (GDP) figures last week effectively killed off any hope of a rate rise this year.
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Seen as a safe haven from an escalating euro zone debt crisis and fears of a U.S. rating downgrade, the franc has surged from one record to another this year against both the euro and the dollar.
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Timothy Connors, Director - Sales, Asia Pacific at Western Union Business Solutions talks about the RBA decision and his outlook on the Australian dollar.
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South Korea's central bank on Thursday left its policy interest rate unchanged as expected, to assess the effect of recent raises and as the outlook for economic growth grew more uncertain while inflation stayed high.*
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The Bank of Thailand raised its benchmark interest rate by a quarter of a point to 3.25 percent on Wednesday and signaled further tightening to come to tame inflationary pressures as the new government moves to boost growth and increase wages.
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The European Central Bank is expected to raise rates by 25 basis points on Thursday, as indicated in its June press conference, despite ongoing concerns over the euro zone's periphery.
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Market volatility and uncertainty in the euro zone are limiting the options for the Swiss National Bank (SNB), which held rates at the historic low of 0.25 percent Thursday, Chairman Philipp Hildebrand told CNBC.
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