Interest & exchange rate forecast
Eurozone crisis continues to dent confidence!
2012 begins where 2011 finished - a developed world struggling with surplus capacity, weak demand and considerable uncertainty.
The result is that further loosening of monetary policy is expected in 2012, though neither the Bank of England or the European Central Bank opted for a change at their January meetings.
We don't expect any policy change from the US Federal Reserve when it meets later this month either, given tentative signs of improvement across the Atlantic.
We are likely to see further weakness in the euro as the Eurozone crisis continues to dent confidence.
Download the January 2012 RBS Interest & Exchange Rate Forecast
- Date: 13 Jan 2012
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