Tue, 10 Apr 2012 13:58:25 GMT
Bank of England: recent actions of the ECB will not improve labour market
Bank of England reported that recent monetary policy easing by the ECB is not expected to improve the labour market in the region. The rate of unemployment is likely to remain high in the following years. According to the best scenario, the EU would see some improvement in its job market in mid-2014, said Adam Posen from BoE.