Flash: Snap shot on recent BoE and ECB – Bank of America / Merrill Lynch

FXstreet.com (London) - With whispers of negative rates from dovish Central Banks, Bank of America / Merrill Lynch are not so convinced for the time being and offer a less risky framework as a suggestion.

The Global Research team suggests a framework for the European Central Bank (ECB) to carry out outright loan purchases and expand its balance sheet, which in our view would be more efficient and less risky than negative rates. And for The Bank of England, with slightly brighter economic outlook suggests to their research team that monetary policy will remain on hold at least until Mark Carney arrives in July.