On global central bankers to shed light on their plans to unwind the massive monetary stimulus put in place since the Global Financial Crisis almost a decade ago. In fact, the Fed, ECB, BOJ, BOE and the Swiss and Swedish central banks now hold more than $15tn of assets (compiled by FT last week), more than four times the pre-crisis level, following their respective stimulus programs. However, normalization is never easy given the sheer amount, the fragility of economies and a subpar inflation.Closely watched would be on Fed Chair Yellen and ECB President Draghi who are scheduled to speak on today.
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