Central Banks Set to Fight Global Slowdown


Sluggish global growth has central banks from Brasilia to Frankfurt looking for the right type of stimulus to provide a much-needed economic boost. Oliver Adler, Head of Global Economics for Credit Suisse, expects emerging markets like Brazil to cut rates over the next few months. In the developed world, where rates are already at all time lows, bankers will have to dig deeper into their monetary toolbox. Doing so will take a little creativity and some consensus building, but Adler believes the specter of ongoing economic malaise is likely to spur various moves towards economic stimulus in both the developed and developing worlds.