What they did, lowering rates to fight a deflationary environment with low growth, is the exact same strategy that the US has used for many years (and Europe as

What they did, lowering rates to fight a deflationary environment with low growth, is the exact same strategy that the US has used for many years (and Europe as well). The difference is that the situation was much more severe, which made them actually resort to negative rates. Now that worldwide inflationary pressure is much higher, you're seeing rates rise everywhere. Of course, rates are different from country to country, but directionally, there's nothing novel about what's happening here. You're saying you can't generalize, but on the contrary, there's a very obvious generalization here.