Economics
The Only Certainty for World’s Central Bankers Is Uncertainty
- Inaction fuels perceptions they’re at a loss about what to do
- Doubts range from Brexit vote to impact of aging societies
A view of the Federal Reserve on Sept. 17, 2015, in Washington.
Photographer: Brendan Smialowski/AFP via Getty ImagesThis article is for subscribers only.
From the immediate possibility of Britain leaving the European Union to the longer-term consequences of aging populations, the world’s major central banks this week just aren’t sure what to do next.
Officials from the U.S., Japan, the U.K. and Switzerland all opted to keep monetary policy unchanged this week as they await the June 23 Brexit vote and try to make better sense of the deep-seated forces shaping their economies.