By contrast
By contrast, the U.S. is trying to speed up its weak expansion. The Federal Reserve is widely expected on Nov. 3 to launch a program to buy more Treasury bonds. The goal would be to drive down interest rates on mortgages, corporate loans wiring duct and other debts. If cheaper loans prod Americans to boost spending, then the U.S. economy — the world’s largest — would strengthen.
During the global recession, most central banks acted in concert to try to stimulate growth. But countries have emerged from the cable channels recession at different speeds, underscoring the unevenness of the global recovery. That’s why individual central banks have taken varying steps to serve their economies.
Australia’s central bank raised interest rates six times beginning in October. More recently, it’s held rates steady, citing Europe’s debt crisis. South Korea cable trunking also was expected to consider a hike but has kept its key rate steady.
