Governors of global central banks seeking government support to stimulate the economy
Date: 28/08/2016 11:37
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Information / Baghdad ..
Search central bank governors representing a large segment of the world economy put the money markets and interest rates in depth and discharged by appealing to common counterparts around the world to lend a helping hand.
In light of weak growth and the rate of inflation and low interest rates, officials concluded from the Federal Reserve (the US central bank) and the Central Bank of Japan and European Central Bank that their efforts to support the economy through monetary policy tools may stumble elected leaders did not initiate the application of bold action.
These procedures vary from immigration reform system in Japan to the structure to support growth and productivity in the United States changes.
They say that in the absence of such measures will be difficult to convince the markets and the families that the situation will improve and encourage a shift in the public mood Alvey economists believe it is necessary to improve the economic performance in the world.
In the central bankers' meeting, which lasts three days in Jackson Hole in the US state of Wyoming, she said Benoit Core Member of the Executive Council and the European Central Bank said the bank is working hard to prevent the consolidation of certain expectations on interest, whether too high or too low. But he added that the slow implementation of economic reforms on the part of European governments is undermining these efforts.
The governor of the Bank of Japan Haruhiko Karoda were being periodically talks with Prime Minister Shinzo Abe on the opening of Japan to the more immigrants and other politically sensitive changes but necessary to boost growth, which is estimated currently at an average of about one percent per year opportunities.
And devoted head of the US Federal Reserve Janet Yellen last page of her about possible reforms in the monetary policy to list the financial and structural policies which they consider will support the economy.
And fiscal policy are not included on the official agenda for the meeting but occupied a permanent part in the dialogue with the thinking of policy makers to reflect on the policies suitable for the post-crisis world.
One of the main concerns extreme caution in households and businesses as forecasts expect limited growth and the rate of inflation is weak so they did not respond to the efforts of central banks as Almtouka.anthy 25