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Global Economy: Fed, ECB to tighten policy in tandem

Reuters  |  FRANKFURT 

By Balazs KoranyiFRANKFURT (Reuters) - Tightening policy by a notch just one day apart, the world's top two central banks will hope to signal confidence in global economic growth, despite risks of a trade war, currency swings and political turbulence. The U.S. Federal Reserve is almost certain to raise rates again on Wednesday, inching closer to a neutral policy stance, while the European Central Bank is likely to signal on Thursday that its 2.55 trillion euro bond purchase scheme will end this year, a key move in dismantling crisis-era stimulus.Though largely a coincidence, their twin ...

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First Published: Fri, June 08 2018. 19:49 IST