Central banks lack ‘firepower’ to combat financial crises, says report


Central banks would have “limited firepower” were another financial crisis to hit, the latest Global Risks Report published by the World Economic Forum says. 

Published today (January 17), the report acknowledges there is a “range of newer fragilities that have emerged or strengthened materially since the crisis”, and that many central banks are not currently able to use interest rates to respond to such an event.

“Central banks were crucial to restoring economic confidence among households

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: