Central Bankers Cling to Stimulus Amid Weak Inflation
Officials at Washington conference say low wages and consumer prices make it tough to remove measures quickly, despite global economic upturn
WASHINGTON Leaders of the World €™s largest central banks indicated that weak inflation in advanced economies could prolong the postcrisis era of easy-money policies.
Despite a broad-based improvement in the global economy, wages and consumer prices remain stubbornly low, making central bankers wary of removing their stimulus measures too quickly, they told a Group of 30 banking conference here on Sunday.
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