Currency Wars?
3/2/15
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by Alice Park,
from Bloomberg Businessweek,
2/26/15:
Central Banks play currency roulette.
Of the 53 central banks tracked by Bloomberg, 19 have dropped their benchmark interest rates in the past three months. Low rates encourage consumers to borrow and spend, increasing domestic consumption. They also devalue currencies, making exports cheaper. That’s good for the countries selling but hard on countries flooded with cheap products.
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