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Over the last several days, fears have grown that the world's central banks were going on strike.
China was letting overnight liquidity dry up.
Bernanke was signaling that the march towards the exit would begin.
The Bank for International Settlements (the central bankers central bank) said in its annual report that the age of excessively easy monetary policy had to come to an end, and that it was time for fiscal authorities and governments to do their part to fix the economy.
But today we're getting reminders that central banks are still here.
The People's Bank of China came out with a statement indicating that would ease liquidity concerns.
And this morning, ECB executive board member Benoît Cœuré gave a speech in which he said this line:
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