Actually, some countries with fairly strong economies recently cut interest rates, as their currencies are very strong.
HWG, They’ve actually been raising rates in the Euro zone and elsewhere.
Per CNN …
NEW YORK (CNNMoney.com) — Interest rates are ticking higher overseas, raising concerns on Wall Street that U.S. rates will be pulled up along with them – but that may not necessarily be the case.
From Canada to England to Japan, central banks around the world have been raising rates amid growing concerns about inflation.
