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3Novices:Rifts over central banks’ monetary policy couldn’t be happening at a worse time

If one of the central aims of the world’s leading central banks is to instil confidence in their policies among international investors, then last week was not their finest hour.
On Wednesday, the US Federal Reserve brushed aside mounting concerns in financial markets about falling inflation and weaker-than-expected growth by raising interest rates and, more surprisingly, sticking to its forecast for another rate rise later this year and providing details of its plan to unwind its US$4.5…
June 19, 2017 at 06:45AM http://ift.tt/2sgoOsV
#3Novices #News #OnlineMedia #China 3Novices China

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