Posted on 04/11/09
Central banks stick to tightrope balancing act
OTTAWA -- When it comes to seeking a path back to normalcy, even the boldest central banks are stepping gingerly.After the Reserve Bank of Australia surprised many last month by becoming the first major central bank to increase interest rates since the since the start of the financial crisis, some investors bet Governor Glenn Stevens would bushwhack his way to higher rates to keep record-low borrowing costs from stirring inflation.
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