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Central banks 'have run out of ammunition,' says OECD head

From cnbc.com

Roughly a decade after the global financial crisis, central banks around the world may not have much left in their toolkit to boost the economy, according to the head of the Organisation for Economic Co-operation and Development. Angel Gurria, OECD Secretary-General, made that comment on Friday as major central banks such as the U.S. Federal Reserve and the European Central Bank recently signaled their readiness to cut interest rates. That dovish turn came amid an ongoing trade war between the U.S. and China — which many economists have warned could derail an already slowing global economy. Gurria told CNBC’s Nancy ... (full story)

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