Central banks poised to start rowing in one direction again

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.