Foreign Central Banks Have Already Begun The Tightening Cycle
Photo by sefa ozel/E+ via Getty Images
Yes, there are adults running sound monetary policy outside of the U.S. The central bank money printing craze continuing in America, Europe, and Japan is not commonplace elsewhere. With inflation rates spiking into the 3% to 5% range in all parts of the world, emerging markets are feeling the pressure to raise rates and protect currency valuations.
A Reuters story this weekend is keeping count of central bank tightening vs. loosening moves, in the form of interest…
