All of Europe is in rally mode once again based on super low record setting interest rates and that the monetary policy would remain "accommodative for as long as needed" Yep just like BUBBLE ben bernanke is doing here for the economy. Only way to keep the propping of all global economies is with cheap easy monetary policies and plenty of money printing. Europe Rallies on ECB, BoE GuidanceCNBC.com | July 04, 2013 | 10:02 AM EDT European shares rose sharply higher in early afternoon trade on Thursday after the Bank of England (BoE) and the European Central Bank (ECB) both gave guidance on the path for future monetary policy.The pan-European FTSEurofirst 300 Index [.FTEU3-GB_1178.45__+27.55 (+2.39%)_] rallied after both central banks kept benchmark rates unchanged at record low of 0.5 percent but indicated that monetary policy would continue to be low. The ECB said it would keep rates low for "an extended period of time".The Bank of England released a statement highlighting that the recent spike in bond yields wasn't "warranted" and adding that it would weigh on its outlook for growth.Later, ECB President Mario Draghi said at a press conference that monetary policy would remain accommodative for as long as needed. Both sterling and euro fell sharply against the dollar in early afternoon trading. The FTSEurofirst 300 Index surged higher after the news.