Mike Peacock: Central bankers gear change throws markets into a spin
THE Federal Reserve's gradual exit plan from printing money has shifted the world's central bank landscape and thrown financial markets into a spin.
The U.S. central bank has pumped $85bn a month into its economy but has now said it will slow that rate and maybe halt it by mid-2014. The big worry for investors is that there is no playbook for stopping this unprecedented stimulus.
In the coming week, the European Central Bank, Bank of England (featuring Mark Carney's debut as governor) and the central banks of Australia, Sweden, Poland and Romania all hold monetary policy meetings.