International Economic Week in Review: Is the EU Stronger Than We Think? Edition

     This week confirmed the central thesis of Lael Brainard’s February 26^th speech, “What Happened to the Great Divergence,” where she argued that all major central banks are now pursuing very similar policy paths due to weak global growth.  Last week, the ECB amended their asset purchase program.  This week the RBA and BOJ kept rates steady while the Fed became more dovish.  And there is no sign of any major bank tightening in the near future.    

from RSS Feed http://ift.tt/1LyGwxE
via IFTTT