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Central Banks Poised to Resume “First Responder” Roles for Global Economy

Posted by Metals Corporate on

By John McDonald Since the 2008 financial crisis, central banks have positioned themselves as global “first responders” despite the unsettling knowledge they have much less “firepower” than they once did. Most of these national banks, which serve national and international interests via servicing government and commercial banking systems, national monetary policy, and issuing currency, say they are prepared to do what they can to bolster the global economy if it runs into trouble. In Europe, the European Central Bank appears likely to agree to generous terms of new long-term loans to other banks, while the U.S. Federal Reserve has signaled...

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