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But unsterilised intervention is the same as cutting interest rates.
Central banks have been cutting interest rates in response.
So there was a strong case for cutting interest rates.
The Federal Reserve stepped in, cutting interest rates to encourage spending.
But other factors were also at play: the central bank started cutting interest rates in late 2011.
Bank of England expected to continue cutting interest rate despite inflation falling less than experts& 8217; predictions.
Some think the central bank erred in not cutting interest rates sooner.
This worry helps explain the Fed's recent alacrity in cutting interest rates.
The central bank has started cutting interest rates and is expected to do so again next week.
We need to carefully examine the drawbacks when considering cutting interest rates further".
In normal times, the Fed would respond to flagging inflation and growth by cutting interest rates.
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CEO of Professional Science Editing for Scientists @ prosciediting.com