“Against a backdrop of relative calm in global financial markets, central banks in Asia, Europe and Africa kept policy rates unchanged as expected Thursday, safeguarding their economies and currencies.”
“The central banks, from Norway to South Africa and Taiwan, don’t always generate the kind of buzz that the Federal Reserve and European Central Bank do. But their decisions can serve as a roadmap of sorts for the global economy and financial markets. The batch of no-change outcomes suggest that with financial markets stable and the global expansion largely on track, smaller countries can look out for their domestic needs without having to worry about the effects of volatility elsewhere.”
Read full Wall Street Journal article here.