The headquarters of the European Central Bank (ECB) are photographed in front of the skyline with its banking towers in Frankfurt, Germany, November 22, 2017. REUTERS/Kai Pfaffenbach
Your feedback is important to us!
We invite all our readers to share with us their views and comments about this article.
Disclaimer: Comments submitted by third parties on this site are the sole responsibility of the individual(s) whose content is submitted. The Daily Star accepts no responsibility for the content of comment(s), including, without limitation, any error, omission or inaccuracy therein. Please note that your email address will NOT appear on the site.
Alert: If you are facing problems with posting comments, please note that you must verify your email with Disqus prior to posting a comment. follow this link to make sure your account meets the requirements. (http://bit.ly/vDisqus)
All told, 10 of the 22 central banks monitored in Bloomberg Economics' quarterly outlook raised interest rates since the start of July.Bloomberg Economics looked at central banks that together set policy for about 90 percent of the world economy.It's becoming harder the closer that rates get to a "neutral" level that neither restricts nor spurs economic growth.President Mario Draghi has highlighted a "relatively vigorous'" pickup in underlying price pressures, and the central bank says rates won't rise until after the summer of next year.A majority of economists now expect Gov. Haruhiko Kuroda to keep his current yield-curve settings in place at least through the end of 2019, with the short-term rate locked at -0.1 percent and the 10-year bond yield target at around 0 percent.The most recent run on the Turkish lira is likely to push consumer inflation to more than four times the official target of 5 percent during the last quarter of the year.The Saudi Arabian Monetary Authority has increased its key rate by 75 basis points this year to minimize pressure on the peg, despite the kingdom's fragile economic recovery.
FOLLOW THIS ARTICLE