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Welcome to the world of 'quantitative tightening'
Add BT as a preferred sourcePublished Wed, Sep 2, 2015 · 09:50 PM
London
THE great global monetary tightening of 2015 is under way, but it's not being led by the Federal Reserve.
Even as US policy makers ponder whether to raise interest rates this month, one recent source of central bank liquidity in financial markets is drying up and the loss of it partly explains August's trading volatility.
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