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Analysis: Central banks struggle to adjust to life without the big guns

Reuters  |  FRANKFURT 

By Balazs KoranyiFRANKFURT (Reuters) - As financial markets come to terms with the end of cheap money being pumped into the system, central bankers must learn again how to use a more subtle but effective policy weapon: words.Massive asset buying programmes and drastic interest rate cuts have stabilised the world's economies following the global financial crisis but central bankers are starting to put their big policy guns away.As they shepherd economies back to full health central bankers will instead need to choose their words carefully to manage expectations about future policy and avoid ...

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First Published: Mon, November 13 2017. 20:47 IST