外报阅读(2012-6).docVIP

Passage 1 Monetary policy Threes company Jul 5th 2012, 15:57 by P.W. | LONDONTweet THE collective term for lions is a pride, for rooks a parliament—and central banks? Maybe the right word for them should be concert, for they often seem to move in concerted fashion together. Sometimes such actions are co-ordinated—as in the big rate reductions made by the world’s main central banks during the financial crisis in October 2008; or, more recently, the steps taken last November by the US Federal Reserve, the European Central Bank (ECB) and four others to ease dollar shortages in the euro area. Toda