Central bank policymakers Doing something big

Image Credit: Google  Image Credit: Google 

Central bank policymakers have, at last, started singing from the same hymn sheet. And equity markets have started listening.

Image Credit: Google 

But stocks don't like what they're hearing.

Image Credit: Google 

The past week has seen a coordinated effort by central bankers to talk up the prospects for global growth and inflation.

Image Credit: Google 

ECB president Mario Draghi kicked things off on Tuesday with a speech in Sintra, Portugal, in which he said the ECB was "ready to do whatever it takes" to boost inflation.

Image Credit: Google 

That was followed by comments from Fed chair Janet Yellen on Wednesday, in which she said that "gradual" interest rate hikes were still appropriate given the strength of the economy.

Image Credit: Google 

And on Thursday, Bank of England governor Mark Carney said that "now is not the time" to raise rates.

Image Credit: Google 

The message from all three central bankers was clear: despite recent weakness in the data, they remain confident that the global economy is on track for a pick-up later this year.

Image Credit: Google 

And that is bad news for stocks.

Image Credit: Google 

Click Below For More Web Stories

Click Here