Opposing views: The US Federal Reserve building is seen in Washington DC. Diametrically opposing views have also been publicised from inside the Fed, with some Federal Open Market Committee members arguing there is no need for an interest-rate cut this month and others advocating a 50-basis point reduction. — AFP
The European Central Bank and the Federal Reserve will be under even greater scrutiny over the next 10 days as their policy-making committees discuss recent economic developments, update their assessment of prospects and adopt whatever actions and guidance they deem necessary.
The outcome will most likely satisfy those looking for the world’s two most influential central banks to further loosen monetary policy.
It will most likely do little to improve what has been a steadily darkening outlook for the global economy.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
