Rates so low seem to be depressing the dollar and pushing commodity prices upward, and the central bankers might be expected to try to tightenup their monetarypolicy if there was any serious signs of inflation or if the economy wasn't seen teetering on the verge of recession.
An inflation pinch, attributable to rapid growth hitting up against the constraints of a still hidebound economy, led the central bank to tightenmonetarypolicy.