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Economy

14 Dec 2021

Year-end Meeting for Major Central Banks to Assess Risks from Omicron

The Index Today

Major central banks will meet this week to assess the risks from the new coronavirus variant, Omicron; as they consider limiting the emergency measures put in place nearly two years ago to fight the pandemic's effect to the global economy.

The global balancing act are reported to begin on Tuesday when the Federal Reserve gathered for its latest two-day meeting, the said meeting will tackle the new monetary policy statements by the U.S. central bank on Wednesday, the European Central Bank and the Bank of England on Thursday, and the Bank of Japan on Friday.

Talks about the inflation, labor markets, and the effect of the virus to the economic performance are behaving distinctively across the major economies, setting up a potentially sharp divide over how central banks manage the coming stage of the pandemic. That stands in contrast to the synchronized and massive wave of support approved at the outset of the health crisis in the spring of 2020.

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