“..Bernard Hickey: Heresy the norm as central banks sidle closer to fiscal policy..”

“..Heresy is, unfortunately, becoming common in central banking.

The world’s most important central banks are printing money like there’s no tomorrow.

Interest rates have been near 0 per cent for almost four years – and look like staying that way for another four years.

Central bankers are thinking about how their policies are being offset – or are working with governments to fund their spending.

The days of central banks being able to run policy independently are ending..”

(cont..)

go to source/story>>>

Bernard Hickey: Heresy the norm as central banks sidle closer to fiscal policy – Business – NZ Herald News.

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