Top central bankers vow to talk investors out of easy money
They promise to guide investors as they slowly withdraw monetary stimulus rolled out during the financial crisis
Frankfurt
FOUR of the world's top central bankers promised on Tuesday to keep guiding investors about future policy moves as they slowly withdraw the extraordinary monetary stimulus rolled out during the financial crisis.
After pumping some US$10 trillion into financial markets since the 2008 crisis - driving them to record highs - the Federal Reserve, the European Central Bank, the Bank of England and the Bank of Japan are now trying to wean investors off easy money without causing an upset.
To do this, words will be key, the heads of the four central banks told an ECB conference on communica…
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
Markets are embracing India's Modi for what he won’t do
Blinken to meet businesses in Shanghai as he kicks off a tough China trip
Indonesia’s central bank surprises with ‘pre-emptive’ rate hike to cushion falling rupiah
South Korea’s economic growth beats forecast as exports rise
China 2024 growth outlook raised to 4.8%, deflation risk lingers
Luxury sector outlook clouded by China’s slow recovery