Central banks step up low-inflation fight as Canada cuts rate

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It seems the trend for central banks. On top of that, China also is also easing with interest rate, and the RRR.

Will Fed follows suit, in near future, instead of goes against it? Big Grin

Central banks step up low-inflation fight as Canada cuts rate

DAVOS (Jan 22): Global central banks intensified their battle against slowing inflation as the risk of defeat mounts.

The Bank of Canada unexpectedly cut its main interest rate for the first time since 2009 on Wednesday in Ottawa, saying the oil-price shock will drag down inflation.

The Bank of Japan expanded and extended a lending program, while two Bank of England policy makers dropped calls for higher interest rates.

With the European Central Bank poised on Thursday to announce it will buy government bonds for the first time, officials around the world are reinforcing or stepping up commitments to keep monetary policy loose.
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http://www.theedgemarkets.com/sg/article...-cuts-rate
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