



The European Central Bank will probably take interest rates into the range that economists say neither restrains nor stimulates growth tomorrow with all of the 38 analysts surveyed by Bloomberg News forecasting the benchmark refinancing rate will rise to 3.75 percent from 3.5 percent at present. The Bank of England is also due to announce an interest-rate decision tomorrow at the end of a two-day meeting of its Monetary Policy Committee. This report compiles comments about the outlook for European and U.K. interest rates from Holger Schmieding, chief European economist at Bank of America Corp., Kenneth Broux, an economist at Lloyds TSB Group Plc, Steve Barrow, chief currency strategist at Bear Stearns Cos.; Kit Juckes, head of fixed-income research at Royal Bank of Scotland Group Plc, and Michael Woolfolk, senior currency strategist at Bank of New York. Bloomberg's Sarah Lowther reports. (Source: Bloomberg)
Bloomberg | March 7, 2007

