Trichet, King Signal Moves Toward Exit on Recovery

Europe’s biggest central banks signaled they will start to wind up emergency policies introduced to fight the financial crisis as the global economy recovers.

European Central Bank President Jean-Claude Trichet said today the ECB plans to phase out its unlimited liquidity operations next year, and Governor Mervyn King’s Bank of England said U.K. officials will slow the pace of bond purchases.

Central banks around the world are starting to rein back some of the measures introduced to stave off a second Great Depression. Australia and Norway have already raised interest rates and the Federal Reserve yesterday outlined the circumstances in which it would be prepared to tighten policy.

Read Full Article from Bloomberg

- Posted: 2009-11-05 10:57:17

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