Economics
Central Banks Are Poised to Act as Economic Warnings Flash
- Traders are betting the Fed will lower rates before year-end
- Australia cut rates Tuesday and India may follow this week
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Central banks are resuming their first-responder role as the world economy runs into trouble even if they lack the firepower they once had at their disposal.
With Australia cutting interest rates on Tuesday for the first time in three years and India likely to follow on Thursday, monetary policy makers are again seeking to shore up weak growth and inflation. European Central Bank officials are poised this week to agree, at the very least, on generous terms for new long-term loans for banks.