Central Banks Now Open 24/7 Fighting Currency Wars and Deflation

People walk past an electronic screen showing television coverage of Raghuram Rajan, governor of the Reserve Bank of India (RBI), speaking during a news conference at the central bank's headquarters, in the lobby of the Bombay Stock Exchange (BSE) in Mumbai. — People walk past an electronic screen showing television coverage of Raghuram Rajan, governor of the Reserve Bank of India (RBI), speaking during a news conference at the central bank's headquarters, in the lobby of the Bombay Stock Exchange (BSE) in Mumbai.
Photographer: Dhiraj Singh/Bloomberg

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By Simon Kennedy

February 12, 2015 at 12:47 PM UTC

Updated on

February 12, 2015 at 4:11 PM UTC

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Central banks are now open all hours.

Just as they worked weekends through the financial crisis, policy makers are again signaling they can strike at any time for the good of their economies.