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Central banks surprise

Business Line

Central banks surprise

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Central banks worked hard during the Labour Day week. Both the US Federal Reserve and the European Central bank held their monthly meetings and both managed to surprise.

Despite the policymakers’ debates on whether or not to begin winding down the bond-buying programme, Ben Bernanke said he stands ready to increase the monthly asset purchase to stimulate the US economy.

The European Central Bank’s chief, Mario Draghi, has also said he is ready to react after the eurozone benchmark interest rate was cut.

We will discuss all that with Nejra Cehic from Bloomberg in this edition of Business Weekly.

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