As Prices Weaken, Central Banks Renew Reflation Push

According to Bloomberg,

Central banks around the world renewed efforts this week to reflate their economies as slowing prices emerge as a threat to global prosperity.

Draghi Speaks at Monthly News Conference, Nov. 7(Bloomberg)

Draghi Speaks at Monthly News Conference, Nov. 7(Bloomberg)

A day after the European Central Bank unexpectedly halved its benchmark interest rate to a record-low 0.25 percent and Peru cut its main rate for the first time in four years, the Czech central bank yesterday intervened in currency markets. The Reserve Bank of Australia yesterday left open the chance of cheaper borrowing costs by forecasting below-trend economic growth.

 

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