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Jan 27, 2012
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via Global Investing

Central banking… what’s the future?

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The Federal Reserve has taken a historic step of adopting an explicit inflation target of 2 percent at its two-day meeting ended on Wednesday, highlighting how central banks must adapt to the new post-crisis world.

In a new book “The Future of Central Banking”, Claudio Borio, deputy head of monetary and economic department and director of research and statistics at the Bank for International Settlements, argues that the financial turmoil has shaken the foundations of the deceptively comfortable central banking world.

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    • About Natsuko

      "Since joining Reuters as a graduate trainee in 2000, Natsuko has reported on issues surrounding global financial markets, monetary policy and central banking from Tokyo, Singapore, London, Paris, Madrid, Davos, Dubai, Moscow and Istanbul. She won the Reuters best scoop of the year in 2007 for a story on China's foreign exchange reserves policy and was also given State Street\'s best journalist of the year award in the same year. Currently based in London, she covers global investment issues and sovereign wealth funds on the Investment Strategy Desk."
      Joined Reuters:
      2000
      Languages:
      English, Japanese, French
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