Instead of Great Divergence, Central Banks Converging Again
Haruhiko Kuroda, governor of the Bank of Japan, from left, Mario Draghi, president of the European Central Bank, and Janet Yellen, chair of the U.S. Federal Reserve, attend the Group-of-20 (G-20) meeting in 2014. (Photographer: Andrew Harrer/Bloomberg)

Instead of Great Divergence, Central Banks Converging Again

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(Bloomberg) -- This was meant to be the year of monetary policy divergence. Instead, major central banks’ paths -- albeit on different trajectories -- are converging once more. 
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