The Traderszone Network

Published in TZ Latest News 6 July, 2014 by The TZ Newswire Staff

Central banks ending era of clear promises, return to ‘artful’ policy

NEW YORK/TOKYO (Reuters) – The world’s major central banks are returning to a more opaque and artful approach to policymaking, ending a crisis-era experiment with explicit promises that they found risked their credibility and did not substitute for action. From Washington to London to Tokyo, the global shift from transparency to flexibility underscores the challenges central bankers face as they test the limits of what monetary policy can achieve.

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