Central banks ready to act ‘quickly as needed’ if there’s a ‘rapid demise’ in confidence

Gold Coast Bulletin

Media Conglomerate: Murdoch Family

Central banks ready to act ‘quickly as needed’ if there’s a ‘rapid demise’ in confidence

Franklin Templeton Investments’ Fixed Income Director Andrew Canobi says central banks are left to “plug the gap” when consumers or counter-parties to the banking system lose confidence. He said Credit Suisse and UBS suffered a “rapid demise” as confidence was lost in the community. “I think central banks have the tools and they are deploying them, deploying them quickly, and this is again probably not the last time we see some of these measur…