Five Things Everyone Will Be Talking About Today

The weekend is over - here's what people are talking about today

People's Bank Of China

A man walks past the People's Bank of China (PBOC) headquarters in Beijing, China.

Tomohiro Ohsumi/Bloomberg

China cuts rates again, it's Greece versus everyone in Brussels and why nobody is excited about the Bank of England decision. Here are some of the things that people are talking about this morning.

China cuts rates

The People's Bank of China reduced interest rates again over the weekend. In the last six months the central bank has cut benchmark rates three times and reduced the amount banks need to hold in reserve twice. The Shanghai Composite rallied over 3% to start the week.

Greece versus everyone

Once again, European finance ministers head to Brussels to discuss Greek finances. The Greek government desperately needs to unlock aid as the bills start pile up over the next few months. A €750 million payment is scheduled to be paid to the IMF tomorrow.

Greek banks battered

As the risk of an accidental default hangs over talks today, Greek bank stocks are plunging. Earlier this morning an index tracking Greek banks dropped almost 9 percent.

Osborne takes charge of EU negotiations

Get ready to hear quite a bit about this over the next two years: the U.K.'s membership of the European Union. Prime Minister David Cameron has moved to put Chancellor George Osborne in charge of reclaiming powers from Brussels ahead of a proposed referendum on leaving the EU.

BoE decision time

Every single economist surveyed by Bloomberg expects the central bank to keep interest rates unchanged, so forget about today and put Wednesday in your diary: that's when Governor Carney speaks and the central bank delivers its economic forecasts.

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