By Bloomberg Tues., Jan. 15, 2019 Central banks enter the new year under pressure from investors to rethink just how aggressive they can be hiking interest rates. A slowdown in the world economy, the trade war and skittish financial markets are forcing policy-makers including Federal Reserve Chairman Jerome Powell to express fresh caution about their scope for tightening monetary policy. The People’s Bank of China is also pledging support for its economy. That outlook marks a change from last year where a majority of central banks raised rates and the European Central Bank ceased buying assets. Of course, if economies weather the latest challenges, policy-makers may need to rethink anew. What Our Economists Say: “Heightened uncertainty about the trajectory for policy normalization and reduced divergence between the Fed and the rest are set to characterize the 2019 central bank outlook.” — Tom Orlik Here is Bloomberg Economics’ quarterly review at 24 of the top central banks, which together set policy for almost 90 per cent of the global economy. We outline the issues they face in 2019 and how they might respond. Article Continued Below U.S. Federal ReserveCurrent federal funds rate (upper bound): 2.5%Forecast for end of 2019: 3%The Fed… Read full this story
- Australia's Central Bank Chief Says the Unspeakable
- Diverging interest rates lure speculators into US bonds, denting the euro
- Albayrak: Turkish Central Bank will take all required steps to combat inflation
- 10 years on, crisis mode is new normal for central banks
- Varadkar and Central Bank boss to clash over Budget tax giveaway
- Deutsche Bank Using Brexit as Convenient Excuse to Move Ops to Germany
- This Is What Happens When Central Bankers Can’t Think for Themselves
- Pound to euro exchange rate – what’s the exchange rate today, what affects the price and where is the best place to buy currency?
- Pound to euro exchange rate – what’s the exchange rate today and where is the best place to buy currency?
- Danske Bank analysists positive on Iceland
When it comes to rates, what are central banks going to do next? have 329 words, post on www.thestar.com at January 15, 2019. This is cached page on Business Breaking News. If you want remove this page, please contact us.