Central Banks Covering 27% Of The World Slashed Interest Rates This Month

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		Home Tech Finance Markets Politics Strategy Entertainment Advertising Retail Sports Life Friday, May 24, 2013 Central Banks Covering 27% Of The World Slashed Interest Rates This Month "Central bankers claim that they aren’t starting a currency war," wrote market expert Ed Yardeni.  "They deny that their policies are aimed at the competitive devaluation of their currencies. Let’s call it competitive ultra-easing." The Federal Reserve has famously been keeping rates low since the financial crisis.  In recent months, the Bank of Japan has made stunning calls to devalue its own currency. In recent weeks, many of the world's other central banks have been cutting rates to keep up. Here's a map of recent cuts from Deutsche Bank's recent House View report. Read » Also On Money Game Today: STOCKS CLOSE DOWN FOR 3RD STRAIGHT DAY: Here's What You Need To Know CITI: Gold Has Never Stayed Below The 'Stairway To Hell' For Very Long Advertisement CHART OF THE DAY: The Japanese Nikkei's Historic Plunge In Context CHART OF THE DAY: Hedge Fund Performance This Year Is Just Sad CHART OF THE DAY: Thanks To Abenomics, Japan's Most Controversial Company Is Up 400% This Year Share this: Facebook Twitter Digg Reddit StumbleUpon LinkedIn The email address for your subscription is: ipat39@gmail.com Change Your Email Address | Unsubscribe | Subscribe | Subscribe to the Money Game RSS Feed Business Insider. 257 Park Avenue South, New York, NY 10010 Terms of Service | Privacy Policy

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