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One of the reasons for wanting to adjust policy rates higher is that if we do

earn into trouble, there's room to ease.

I think it's clear that we should be expecting further eating for the European

That will make and we should probably be expecting further eating for the Bank of Japan.

One of the concerns expressed for markets is a lack of global growth and it really is showing up now

and output.

Bloomberg surveillance, your link to the world of economics, finance and investment,

on Bloomberg Radio.

Good morning everyone, Michael McKee and Tom King, Bloomberg surveillance.

Thank you for being with us worldwide, particularly on the continent of Europe, where the European

banking challenges continue.

Deutsche Bank not through recent lows,

Unicredit getting very near there.

Right now, Unicredited of Italy,

...