Central banks poised to start rowing in one direction again
Nascent signs of policy synchronicity in the world's largest economies emerge as global growth improves
Washington
THE world's central banks aren't moving in harmony just yet, but at least the discord is beginning to fade.
The European Central Bank (ECB) on Thursday ruled out further interest-rate cuts in a sign that it's cautiously edging towards an exit from stimulus. Bank of England (BOE) officials are considering gradually removing accommodation in coming years, though a move is some way off and the assessment will have to take into account the fallout from the country's messy election outcome.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
Sri Lanka’s economy expected to grow 3% in 2024, central bank says
Yellen says US can bring inflation down without hurting jobs
US dollar briefly falls versus yen after GDP data
US weekly jobless claims unexpectedly fall
US economic growth slows more than expected in Q1
Malaysia ex-PM Mahathir facing anti-graft probe in a case involving his sons