RBC Says Carney Needs to Win Over MPC on Guidance

July 4 (Bloomberg) -- Jens Larsen, chief European economist at RBC Capital Markets, discusses the possibility that the Bank of England may introduce activist monetary policies such as forward guidance under new Governer Mark Carney. Larsen talks from London with Francine Lacqua on Bloomberg Television's "On the Move." (Source: Bloomberg)
Greece Backs Tsipras’s Rejection of Further Austerity
43:39 - Greece voted against yielding to further austerity demanded by creditors, leaving Europe’s leaders to determine if the nation can remain in the euro. In other developments, outspoken Greek Finance Minister Yanis Varoufakis resigned, giving Greece a chance to lower the temperature on its often confrontational interactions with other European countries.
  • Referendum Increases Levels of Uncertainty: Sorrell
  • Easier to Strike Deal With Varoufakis Gone: Pissarides
  • The Way Back for Greece Isn’t Going to Be Smooth: Diebel