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Central banks are back on the front lines in this period of trade war: eco week is getting ready for Bloomberg
Central banks may soon return to save the global economy plagued by a growing trade war. Thursday's meeting of European Central Bank officials is expected to spell out plans for a new series of long-term loans to banks. Bloomberg Economics estimates that the interest rate on some loans could be as low as the deposit rate of -0.4%, which would mean that the ECB's exceptional balance sheet would not contract too quickly. It will depend a lot on how policy makers view the rest of the year, Philip Lane debuting as Chief Economist. Meanwhile, officials of the Federal Reserve are meeting in Chicago to discuss …
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