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Commentary: Central banks are split over hiking interest rates Toggle share menu
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Commentary: Central banks are split over hiking interest rates One camp prefers to keep its foot on the accelerator of stimulus measures, while the other would prefer to ease off and avoid risking an “economic handbrake turn”, says an economist.
Federal Reserve Board building on Constitution Avenue is pictured in Washington on Mar 19, 2019. (Photo: REUTERS/Leah Millis)
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CAMBRIDGE, Massachusetts: Economic-policy discussions in the eurozone, the United Kingdom, and the United States increasingly revolve around the question of when and how quickly central banks should pull back the uber-stimulus measures implemented last year in response to the COVID-19 pandemic.