Developed Countries’ Central Banks Still Stuck In Crisis Mode As Economic Recovery Weakens
Central banks in developed world are having a tough time exiting crisis mode, raising prospects of reviving unconventional stimulus tools as the global economic recovery slows down. The US Federal Reserve, on 21 September, reiterated its
stance that it was prepared to ease monetary policy further if needed and has highlighted asset purchases as an option.
Indeed, the Fed is moving closer to a second wave of unconventional monetary easing, after purchasing US$1.75 trn of mortgage debt and Treasuries from December 2008 through March 2010.
Tracking The World Economy... - 23/09/2010
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