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Bank of England and ECB Parting Ways?

Monday, 4 Apr 2011 | 2:30 AM ET

"I think it's absolutely right for the two central banks to be going down a very different route," Karen Ward, Senior Global Economist at HSBC, told CNBC ahead of an expected interest rate rise by the ECB, a move that would break ranks with a cautious Bank of England. Inflationary pressures are easing in the euro zone, which is not the case in Britain, she said.