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Central Banks Dust Off Old Tools to Stem Risks From Easy Money

  • Macroprudential tools seen growing in popularity, potency
  • IMF, BIS, Boston Fed among recent advocates of the policies
Street Life Ahead Of Bank of Thailand Quarterly Economic Forecast
Photographer: Amanda Mustard/Bloomberg

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As global central banks swing back into easing mode, old tools long frowned upon by monetary purists are being embraced to ensure cash goes where it’s needed.