Central banks may be forced into actionHERE comes the cavalry, part two. In recent months, authorities have been relying on fiscal measures, bank bailouts and money-market interventions to try to solve the credit crunch. Higher-than-desired headline inflation meant they were reluctant to cut interest rates. Now it looks as if they will have to turn to monetary policy after all.A series of pretty dreadful economic statistics has given them no choice. The odds of a 50 basis point (half a percenta....
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