Bank of England Set to Hold, Trade Fight Clouds Outlook: Eco Day

(Bloomberg) -- Welcome to Thursday, Europe. Here’s news and analysis from Bloomberg Economics to help get your day started:

• The Bank of England is set to hold its policy today, while the bosses of the world’s most powerful central banks, gathering in Sintra, Portugal this week, all agreed that trade tensions have clouded the economic outlook
• Steady she goes. With low unemployment, near-ideal inflation and balanced risks to the outlook, the Federal Reserve’s chief says there’s still a strong case for gradual interest-rate hikes
• Fatter paychecks. Bank of Japan Governor Haruhiko Kuroda backs 3 percent annual raises in employee wages to help the central bank meet its inflation target
• Trade watch. U.S. President Donald Trump met with Republican lawmakers but reached no agreement on how to deal with China’s ZTE Corp., which Congress is pushing to cut off
• Big money. The International Monetary Fund board officially stamped Argentina’s $50 billion credit line, the biggest in the Fund’s history
• Beijing banking. China says more reserve-ratio-requirement cuts are in store to boost credit supply to smaller companies; here’s what the central bank could do next
• Hit list. Bloomberg Economics charts the Chinese sectors most at risk in a trade war

To contact the reporter on this story: Michelle Jamrisko in Singapore at mjamrisko@bloomberg.net

To contact the editors responsible for this story: Nasreen Seria at nseria@bloomberg.net, Henry Hoenig

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