Global central banks are working hard to lift their economies through an aggressively easy monetary policy. The ECB [European Central Bank] and BOJ [Bank of Japan] are buying tens of billions of bonds and other financial securities each month in an effort to stimulate their economies, which is pushing down rates everywhere, including in the U.S.
![Global central banks are working hard to lift their economies through an aggressively easy monetary policy. The ECB [European Central Bank] and BOJ [Bank of Japan] are buying tens of billions of bonds and other](http://cdn.quoteddaily.com/images/mark-zandi/global-central-banks-are-working-hard-to-lift-their-economies-through-an-aggressively-easy-monetary-policy-the-ecb-european-central.jpg)