Fiscal year 2015 is upon us, and is fast becoming the year of
historic monetary policy changes in light of an appreciating US currency
and, in turn, a blanket decrease in European and Asian economic growth.
Since late 2014 and in full swing 2015, the Danish central bank, the
Swiss National Bank, and the Bank of Russia cut key interest rates,
with probable Turkish Central Bank short term rate cuts to follow.
The
Bank of China has recently reduced its requirement ratio as well to
encourage growth. In the US it is expected that the Federal Reserve
raise short term rates by mid-year 2015, a policy change that has not
been effectuated for over three years. It is apparent that governments
are depending heavily on central banking to modify economic growth
patterns as a short term solution.
For More: Central Banks: A Question of Governance
Thank You,
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