44 out of 59 economists say that the ECB will announce a new LTRO early next year according to a Reuters poll (where would we be without them). They say that interest and deposit rates will stay on hold until early 2015.
44 of 53 respondents says the BOE will bring forward expectations for UK unemployment reaching 7%, they also estimated tht the unemployment rate will reach 7% before Q3 2016 ( I bloody hope so as well). 49/53 said that the BOE’s forward guidance ‘get out of jail cards’ won’t be used.
