全世界の 率 削減（する）s 示す broadest 政策 転換 since 危機 -Fitch
By Howard Schneider WASHINGTON, Aug 16 (Reuters) - A flurry of 利益／興味 率 削減（する）s by the U.S. 連邦の Reserve and a host of other central banks 示すs the broadest 転換 in 全世界の 通貨の 政策 since the depths of the 財政上の 危機 in 2009, 分析家s at Fitch Ratings said in a 報告（する）／憶測 on Friday. Led by the Fed's 政策 pivot, which took 率 引き上げ（る）s off the （米）棚上げする／（英）提議する in December and then 削減（する） borrowing costs last month, Fitch said its geographic "diffusion 索引" of central bank 政策 急落するd from a strong bias に向かって 強化するing to what is now a 示すd 傾向 toward 緩和, or cutting 率s. It's the type of 連係させた change that characterized how central banks 答える／応じるd to the 財政上の 危機 with across-the-board 率 削減（する）s, dollar 交換（する） lines 延長するd by the U.S. central bank to other countries, and a 一連の other exceptional steps to keep the world economy afloat. Macroeconomic 条件s are nowhere 近づく as bad now, Fitch 分析家s said in an interview, and the 政策 転換 in the last few months has been much いっそう少なく 広範囲にわたる. But the geographic spread of 活動／戦闘s, from the central banking 資本／首都s of Washington and Frankfurt, to 財政上の 中心s like London, and a host of 現れるing markets, shows how the world's central banks have become more closely tethered to one another, with the Fed as the 支配的な player. "ーに関して／ーの点でs of how swift the change has been, it is やめる striking," said Brian Coulton, 長，指導者 経済学者 for Fitch Ratings. The Fed and 19 other central banks have 削減（する） 率s in 最近の months. Coulton said they were 答える／応じるing both to the Fed's 政策 change - 証拠 that the 幅の広い use of the dollar in world 貿易（する） and 法人組織の／企業の 財政／金融 had linked the world economy ever closer to what happens in Washington - and the sense of growing 危険 from the U.S.-中国 貿易（する） war. The 貿易（する） 戦う／戦い "影響する／感情s the two biggest economies in the world. That is a 危険 every central bank will have to take into account. That is a ありふれた shock," he said. But he feels th e 転換 runs deeper. 現れるing market economies, where 通貨の 政策 had more closely 跡をつけるd 物価s and resulting インフレーション, now seemed tied instead to the Fed, he said. That could, the Fitch 分析 結論するd, be one of the "深遠な" consequences of a １０年間 of cheap money and Fed "quantitative 緩和" that 許すd countries and overseas companies to borrow more in dollars, only to 直面する refinancing 危険s and other 強調する／ストレスs when the Fed began raising 率s. When the U.S. central bank 逆転するd course "the 圧力 that had been placed on other central banks was 解放（する）d," Coulton said. The Fitch diffusion 索引 率s the 姿勢 of 全世界の central bank 政策, 扱う／治療するing each bank as equal. A 率ing above 50 示すs a bias に向かって raising 率s, while below 50 示すs looser 政策. As of December, the 索引 stood at 75. By July, it had slipped to 34. Central Bank 政策 事前の Change Date Last 率 率 Changed Mexico 8 8.25 -0.25 8/15/2019 Peru 2.5 2.75 -0.25 8/8/2019 Serbia 2.5 2.75 -0.25 8/8/2019 Philippines 4.25 4.5 -0.25 8/8/2019 India 5.4 5.75 -0.35 8/7/2019 New Zealand 1 1.5 -0.5 8/7/2019 Belarus 9.5 10 -0.5 8/7/2019 Thailand 1.5 1.75 -0.25 8/7/2019 Hong Kong 2.5 2.75 -0.25 8/1/2019 Brazil 6 6.5 -0.5 7/31/2019 部隊d 明言する／公表するs 2.25 2.5 -0.25 7/31/2019 Russia 7.25 7.5 -0.25 7/29/2019 Turkey 19.75 24 -4.25 7/25/2019 ECB -0.4 -0.4 0 7/25/2019 South Korea 1.5 1.75 -0.25 7/18/2019 South Africa 6.5 6.75 -0.25 7/18/2019 Nigeria 13.5 13.5 0 7/10/2019 Sweden -0.25 -0.25 0 7/3/2019 Australia 1 1.25 -0.25 7/2/2019 Norway 1.25 1 0.25 6/20/2019 Switzerland -0.75 -0.75 0 6/13/2019 Chile 2.5 3 -0.5 6/7/2019 Czech 共和国 2 1.75 0.25 5/03/2019 Indonesia 6 5.75 0.25 11/15/2018 Canada 1.75 1.5 0.25 10/24/2018 England 0.75 0.5 0.25 8/2/2018 Colombia 4.25 4.5 -0.25 4/30/2018 Japan -0.1 0 -0.1 2/15/2016 中国 4.35 4.6 -0.25 10/23/2015 Poland 1.5 0 1.5 3/5/2015 (報告（する）／憶測ing by Howard Schneider Editing by Paul Simao)
