Central banks poised to move in one direction

Exit from stimulus: A file picture showing a man walking past the BoE in the City of London. BoE officials are considering gradually removing stimulus in coming years. – Bloomberg

WASHINGTON: The world’s central banks aren’t moving in harmony just yet, but at least the discord is beginning to fade.

The European Central Bank (ECB) ruled out last further interest-rate cuts last Thursday in a sign that it’s cautiously edging toward an exit from stimulus.