they are getting a loan from the -- asianvelopment .evelopment bank outgoing president christine fernandez skipped the inauguration of the new argentine president. you can get more on these and other breaking stories 24 hours a day at the new bloomberg.com. i'm david gura. betty? betty: david, thanks. a big day for interest bank -- decisions. the s&p bankew, president explains why. >> there is no necessity to change monetary policy with negative rates at .75 basis points negative and also to intervene in the exchange market as necessary. betty: and we also heard from the bank of england as well. mark: we certainly did. the governor mark carney and his fellow policymakers left the -- joining us now, and david nolan. thank you. the boe said today there is no mechanical difference between what it does and what the fed does. do the markets believe that or not? david: not really, no. you're absolutely right. the boe is caught in the middle. once the fed moves, at that point, the market will bring .orward the likely timing and the boe, when they published a report on the fed rally, at that point