Until recently, all of the major central banks of the world were tightening, all at once. (alephblog.com)
Major financial institutions were debt - laden in 2007, and the biggest central banks of the world are now in the same situation. (fortune.com)
Moreover, it was not a coincidence that China made its announcement on the same morning that the other major central banks of the world announced their coordinated action to head off a liquidity crunch for European banks. (businessinsider.com)