ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print

The Fed and the ECB tighten with caution

Despite 'normalization' talk, central banks are tweaking policy bit by bit

TOKYO The U.S. and European central banks plan to normalize their monetary policies, but they are not exactly charging headlong into the wind-down of quantitative easing. This is because, although both economies are picking up, their targeted inflation rates remain elusive.

At the annual Economic Policy Symposium in Jackson Hole in August, in the U.S. state of Wyoming, Federal Reserve Chair Janet Yellen and European Central Bank President Mario Draghi dodged the subject of monetary policy, apparently to avoid stirring concern in the international markets -- and jolting the exchange rates of emerging Asia.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more