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Central Banks: Low on Tools, High on Words?

Friday, 27 Jul 2012 | 1:00 AM ET

"In an age when the central banks are low on tools, very high on words, they have to resort to this verbal shock and awe as they know that there will be a time where they will be forced to do what they are expected to do," Ashraf Laidi, chief global strategist at City Index, told CNBC.