Dec
15
Central Bankers Discover Their Limits After a Tough Year
By-
Governments are expected to increase spending throughout 2017
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Monetary stimulus may have peaked, tapering is now more likely
It was the year central bankers discovered their limits.
Instead of earning praise for shouldering the burden of sluggish global growth, monetary policy makers this year were scolded for meddling. Negative interest rates were blamed for crimping bank earnings. Massive bond buying programs were singled out for stoking market speculation rather than investment.
Now, amid surging populism and as government spending comes back into vogue, 2017 is shaping up to be the year that central bankers quietly shuffle from center stage…
Central Bankers Discover Their Limits After a Tough Year
