And from another corner of Mr. Murdoch's empire, Real Time Economics:The European Central Bank hiked interest rates Thursday, its first increase since 2008. Markets are expecting another two hikes from the ECB this year as well as rate increases from the Bank of England. The Reserve Bank of Australia, as the charts shows, started the rate hike cycle quite early, while back at home, the Federal Reserve still hasn’t committed to ending quantitative easing, much less rate hikes.
As the European Central Bank made its first rate increase since 2008 today, it might be a good time to see where central banks around the world stand. Click on the following map for an interactive timeline of rate cuts and increases around the world, as well as a snapshot of where global central banks stand now.