Central bankers from Japan and the U.K. predicted their new campaigns to encourage expansion will work, sustaining support for global growth even as the Federal Reserve considers a reduction in stimulus.
As the annual gathering of central bankers and economists in Jackson Hole, Wyoming, drew to a close on Saturday, Bank of Japan Gov. Haruhiko Kuroda said his souped-up asset-buying "has started to exert effects" on the world's third-largest economy.
Bank of England Deputy Gov. Charlie Bean said the U.K.'s pledge this month to avoid raising interest rates before unemployment falls to 7 percent should restrain U.K. gilt yields and boost confidence among consumers and companies.
With your current subscription plan you can comment on stories. However, before writing your first comment, please create a display name in the Profile section of your subscriber account page.