The World’s Central Banks Blink

“More than six years after the onset of the Global Financial Crisis, central banks are being forced to fight a sudden battle against disinflation amid the ongoing silent war against deflation.  Over the past couple of weeks, a number of central banks have shifted to a dovish stance on the future direction of interest rates, if not outright monetary easing.  Although the slowing global economy is the primary factor behind their about-face in policymaking, the collapse in crude oil prices along with anticipation of other central banks’ future moves is what’s driven their timing.  Many of these moves have caught a lot of people, including traders, economists and other financial experts, by surprise.”

http://www.investingdaily.com/22052/the-worlds-central-banks-blink-2/

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