World's Central Banks Signal End to Emergency Policy 'Largesse'

World's Central Banks Signal End to Emergency Policy 'Largesse'

Nov. 6 (Bloomberg) -- The world’s biggest central banks arestarting to unwind emergency measures introduced earlier thisyear to stave off a second Great Depression.

The euro rose after European Central Bank President Jean-Claude Trichet yesterday said his bank will withdraw someliquidity operations, and the pound climbed after the Bank ofEngland slowed the pace of bond purchases. A day earlier, theFederal Reserve outlined the circumstances in which it would beprepared to raise interest rates.

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