In a fracturing world, central banks still stuck together

Euronews | Sep 11, 2019 at 7:34 AM
  • The last time major central banks shifted gears together, it was a cooperative move to keep the financial crisis of a decade ago from becoming a full-bore, worldwide depression.
  • The three institutions, particularly the Fed, set financial conditions that influence interest rates, exchange rates and capital flows worldwide, and all three are expected to loosen monetary policy when they meet over the next eight days.
  • The Fed’s latest policy meeting concludes next week, on Wednesday, Sept. 18, when the U.S. central bank is expected to reduce interest rates again by a quarter of a percentage point.