Brexit and Productivity, Trump Speech, RBA Bias Change: Eco Day

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

• European Central Bank officials see no urgent need to offer new long-term loans to banks and aren’t certain to do so at their next policy meeting in March, say people familiar with the matter
• Mark Carney is due to leave his post as Bank of England governor at the end of January 2020 and speculation is mounting about who will take over. A look at the latest poll
• Italy is said to be preparing to sell as much as 1.8 billion euros of state-owned real estate as it seeks to rein in soaring debt
• U.K. growth is set to be sluggish for the next few years even if a Brexit deal is secured, according to the National Institute of Economic and Social Research
• Through all the noise about market volatility, it’s labor market conditions and their impact on inflation that remain at the core of concerns for monetary policy makers, writes Tom Orlik
• President Donald Trump in his State of the Union address said a trade deal with China will have to address not only what he called the chronic U.S. trade deficit but also changes in Chinese policies to protect American workers and businesses
• Long before the U.S. and Europe embraced radical monetary policies during the global financial crisis, there was the Bank of Japan. We mark 20 years of zero interest rates
• Central banks in Asian emerging markets appear set to dump their hawkish policy stances, while India is calling on its policy makers to cut interest rates to fire up the economy
• Australian central bank chief Philip Lowe shifted to a neutral policy outlook as he acknowledged increased risks at home and abroad

To contact the reporter on this story: Anirban Nag in Mumbai at anag8@bloomberg.net

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

©2019 Bloomberg L.P.