BIS Review 37/2010  3  Graph 5 G7 – Average Policy Rate %  %  12  12  8  8  4  4  0 1960  1970  1980  1990  2000  0 2010  Sources: Federal Reserve Bank of New York; Global Financial Data; Thomson Reuters  In Asia, concerns are already emerging about the implications of this.
In particular, some countries are worried about the potential for volatile capital flows to be destabilising for their economies. The concern is that capital inflows in the near term will later turn into capital outflows when interest rates in the advanced economies do eventually normalise, and that this could be disruptive.