* EU stimulus drives shares up for fourth straight day * Euro perched at 2-month high * Yuan, Hong Kong shares hit by rising U.S.-China
* Graphic: World FX rates in 2020 http://tmsnrt.rs/2egbfVh
LONDON, May 28 (Reuters) – Bank of England policymaker Michael Saunders sidestepped questions about his views on taking the central bank’s key interest below zero for the first time, saying he had nothing to add to comments from Governor Andrew Bailey.
(Adds details, background) LONDON, May 28 (Reuters) – The Bank of England should risk pumping too much stimulus into Britain’s economy rather than too little because of the “searing experience” of the coronavirus crisis which will leave its mark long after the lockdown is lifted, a BoE policymaker said.
LONDON, May 28 (Reuters) – Bank of England policymaker Michael Saunders, who voted unsuccessfully for an increase in the central bank’s bond-buying programme this month, said on Thursday it was better to pump too much stimulus into the economy rather than too little.
By Alan Charlish WARSAW, May 28 (Reuters) – The Polish zloty traded near recent highs on Thursday before a central bank meeting that is expected to leave interest rates unchanged, after a week during which the currency has gained more than 2%. Central Europe’s most liquid currency broke through the psychologically important 4.50-euro
* Dollar holds its ground as conflicting forces emerge * Swiss franc long positions highest since 2016 * Graphic: World FX rates in 2019 http://tmsnrt.rs/2egbfVh
BERLIN, May 28 (Reuters) – Inflation eased in some German states in May, suggesting the national reading will also decelerate and remain far below the European Central Bank’s target, providing further justification for extra stimulus.
* Nagy had been in charge of key areas of monetary policy * Takes up another important leadership position -cbank * Nagy’s credibility had helped shore up forint -analyst * Authority of successor will be key issue for fin markets (Adds analyst comment, market reaction) By Gergely Szakacs BUDAPEST, May 28 (Reuters) – Hungarian central bank Deputy Governor Marton Nagy unexpectedly resigned on Thursday, raising questions about the future direction of the bank’s monetary policy.
(Adds details, background) LONDON, May 28 (Reuters) – Nearly half of businesses in Britain which have temporarily suspended their operations because of the coronavirus lockdown are unsure when they will restart trading, a survey by the country’s official statistics office showed on Thursday.