Intra-Day Market Moving News and Views
24 Feb 2015 09:24GMT
EUR/USD - ..... Reuters report that the Eurogroup head Dijsselbloem says, quote:
'Greek gov't is very serious regarding its reform commitments;
Greek list of reforms is just a first step, it's going to take time to get into details;
only one gov't had a meeting to discuss Grexit and that was the British gov't; Eurozone ministers cud consider further debt relief measures if Greece meets all criteria;
at the end of the 4-month bailout extension, Eurogroup will assess Greek debt sustainability, primary surplus;
fiscal targets can be adjusted in Greek programme if economic conditions justify this, cannot be decided unilaterally.'
While BoE's Forbes said, quote:
'risks fm inflation, asset bubbles consumption and debt are moderate, cud deteriorate quickly;
risks cud factor into a case to tighten monetary policy in the new future; external factors for current low inflation in UK will fade quickly;
UK rates not yet generating inflation pressure that cud not be addressed in timely fashion.'
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