12.02.2015 - Has an accidental currency war erupted?
Even the most stability obsessed countries have made unexpected economic moves, but barriers to growth remain largely unaddressed – and central banks cannot tackle them alone. Six and a half years after the global financial crisis, central banks in emerging and developed economies are continuing to pursue unprecedentedly activist – and unpredictable – monetary policy. How much road remains in this extraordinary journey? In the past month alone, Australia, India, Mexico and others have cut interest rates. China has reduced reserve requirements on banks. Denmark has taken its official deposit rate into negative territory...............................................Full Article: Source
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