Business
Markets are fearing the removal of the world’s economic safety net – Sydney Morning Herald
Investors are warning that any signs of backpedalling on stimulus by the world’s central banks will jolt financial markets and strangle recovery for a crippled global economy.
Reuters analysis found growth in the four central banks’ balance sheets slowed for the second straight month in June, with some $US852 billion added. That was less than half of what was added in April.
“Now that market functioning has largely normalised, central banks are actually reducing their support measures,” BofA rates strategist Ralf Preusser told clients.
Authorities are no longer in fire-fighting mode as they were during the March-April meltdown. Yet, the slowdown is significant.
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