Sunday, July 28, 2013

Central Bankers Likely to Keep Rates Low

(Reuters) - Three of the world's leading central banks are likely to reaffirm their determination this week to keep a lid on interest rates for a long time to come, despite signs that their economies are slowly on the mend.

The Federal Reserve, the European Central Bank and the Bank of England are all expected to repeat or refine their "forward guidance" that borrowing costs will remain extraordinarily low as long as growth is sub-par and inflation is not a threat.
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