The Traderszone Network

Published in TZ Latest News 3 August, 2014 by The TZ Newswire Staff

Central bank meetings to set stage for parting of ways

After the Federal Reserve maintained its path towards raising U.S. interest rates next year, other major central banks will jostle for space on a crowded stage this week. The European Central Bank, Bank of Japan, Bank of England and the central banks of India and Australia all hold meetings. U.S. growth rebounded in the second quarter and the Fed upgraded its assessment of the economy last week. It is on course to stop creating money in October but the expectation is that there will be no interest rate rise before mid-2015.