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US Fed, ECB to tighten policy interest rates in tandem


  • Banking
  • Monday, 11 Jun 2018

The U.S. Federal Reserve is almost certain to raise rates again on Wednesday

The U.S. Federal Reserve is almost certain to raise rates again on Wednesday

FRANKFURT: Tightening policy by a notch just one day apart, the world's top two central banks will hope to signal confidence in global economic growth, despite risks of a trade war, currency swings and political turbulence.

The U.S. Federal Reserve is almost certain to raise rates again on Wednesday, inching closer to a neutral policy stance, while the European Central Bank is likely to signal on Thursday that its 2.55 trillion euro bond purchase scheme will end this year, a key move in dismantling crisis-era stimulus.

Banking , Corporate News , Economy

   

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