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Many healthy countries have been held hostage by others doing ZIRP so they had to cut rates due to their currency being too strong.
by cylinder 9y ago
Many healthy countries have been held hostage by others doing ZIRP so they had to cut rates due to their currency being too strong.
- opportune 9y agoI don't know much about this. What would have happened if the other countries/currencies didn't cut rates? Is it just capital flight to the lower-interest currency?