Quote Originally Posted by earthJoker View Post
I don't think you can make a general statement either way. It really depends on how much the national bank is (in)dependent of the government and what policies it has.
Not so sure I 100% agree. I'm honestly not certain which if either has a dominant effect, but I do think one of the biggest effects in recent decades is state of the global economy.

The rise of China etc, just as much as the actions of Central Banks, has kept interest rates low.