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European Central Bank

The European Central Bank was established by the Treaty of Amsterdam in 1998 and is headquartered in Frankfurt, Germany. The objective of the bank is to maintain price stability within the euro zone.

A woman waits for her train after attending a Coming of Age Day ceremony in Tokyo. Japan’s central bank maintained its loose monetary policy on Friday and downgraded its view on inflation, signalling that it will lag well behind its US and European peers in rolling back crisis-era stimulus. Photo: Reuters

When the next recession hits, do we have the tools to fight it?

The global economy is looking shaky amid escalating trade tensions, but the worse news is that the loose monetary policies already in place and the explosion in public indebtedness will severely limit policy actions to fight a downturn.

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