| Updated:
Central bankers trim stimulus
FOUR of the world’s top central banks said yesterday they would scale back injections of US dollars into their banking systems, as markets being to stabilise.
The US Federal Reserve said it would begin to scale back short-term cash auctions in early 2010, while the European Central Bank, the Swiss National Bank, and the Bank of England announced they would curtail steps taken to ensure dollar liquidity.
The co-ordinated measures suggest a slow pull-back from the stimuli used to prop up lenders.