The Wall Street Journal’s Daily Report on Global Central Banks for Thursday, July 16, 2015:
Sign up for the newsletter: http://on.wsj.com/grandcentralsignup

Highlights
Hilsenrath’s Take: With Greek Sales Tax, Policy Makers Again Choose Short-Term Pain
Yellen Aims to Move Rates Up This Year, but Slowly
Bank of Canada Cuts Rates
Greece’s Parliament Passes Austerity Measures Required for Bailout
Central Banks Likely to Jump Into China Bond Market

HILSENRATH’S TAKE: WITH GREEK SALES TAX, POLICY MAKERS AGAIN CHOOSE SHORT-TERM PAIN

European Pressphoto Agency

It is striking how policy makers managing economies most in need of long-term reform keep choosing short-term pain in the process.
Greek lawmakers agreed Wednesday to a new package of Read More

Source:: wsj