• ECB kept interest rates unchanged. In a press conference following the decision, ECB President Mario Draghi said the central bank had intensified preparation for an asset-purchase program, and was willing to launch one if the inflation picture changed. Meanwhile, in the U.K., the Bank of England (BoE) left interest rates and its asset purchase target unchanged, as an improving economy continued to add to speculation that a rate hike could be around the corner. Moscow announced that it was hitting back at Western sanctions by banning certain agricultural and food imports. The ban includes fruit, vegetables, meat, fish, milk and dairy imports from the United States, the European Union, Australia, Canada and Norway. • Market is expected to open weak and likely to continue to remain weak during the day
Posted on: Fri, 08 Aug 2014 04:27:10 +0000
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