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Central banks focus on flagging inflation
Fading price pressures, helped by a 56% plunge in price of oil since June, forcing them to keep policies stimulative
Add BT as a preferred sourcePublished Thu, Jan 22, 2015 · 09:50 PM
Davos
GLOBAL central banks have intensified their battle against slowing inflation as the risk of defeat mounts.
The Bank of Canada unexpectedly cut its main interest rate for the first time since 2009 on Wednesday in Ottawa, saying that the oil price shock will drag down inflation. The Bank of Japan expanded and extended a lending programme, while two Bank of England policymakers dropped calls for higher interest rates.
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