Q: What do jitters over European debt, stubbornly high unemployment and earthquakes have in common?
A: They have all been cited as reasons for central banks to delay interest rate hikes.
It’s not just economic crises that cause central banks to postpone tightening monetary policy. Since the beginning of the year, a number of political and natural disasters have pressured banks to keep rates low. Here is Money Supply’s list of the top three non-financial events that kept rates low. Are we missing any? Comments welcomed below. Read more