US Federal Reserve chairman Jerome Powell signalled an openness to loosening if necessary, and European Central Bank officials are poised on Thursday to at the very least agree on generous terms for new long-term loans for banks. Photo: AP

G20 overshadowed by gloomy mood as world economy turns to central banks to address red warning signs

  • Australia cut interest rates on Tuesday for the first time in three years and India is likely to follow on Thursday
  • Finance ministers and central bankers from the G20 industrial and emerging economies gather this week in the Japanese city of Fukuoka
Topic |   Central Banks

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US Federal Reserve chairman Jerome Powell signalled an openness to loosening if necessary, and European Central Bank officials are poised on Thursday to at the very least agree on generous terms for new long-term loans for banks. Photo: AP
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