Central banks ‘have lost credibility’

Many share markets may be riding higher on hopes of European stimulus this week and overlooking plunging oil prices, and even lower global growth targets, but experts say its time that investors woke up to the fact that central bankers aren’t doing a great job.

The Australian share market rose 0.7 per cent in early trade on Wednesday joining a global rally on expectations that the European Central Bank will announce a 1 trillion bond buying program to help revive economic growth.