Maybe its all relative (i.e., versus what other central banks have done in response to the same shocks).
In any case the post-pandemic interest rate hikes are recent. There seems to be a much longer term (decades long) dollar strengthening pattern that is not really touched upon in the article.
Comments
Maybe its all relative (i.e., versus what other central banks have done in response to the same shocks).
In any case the post-pandemic interest rate hikes are recent. There seems to be a much longer term (decades long) dollar strengthening pattern that is not really touched upon in the article.