An economist presents a chart showing the central bank policy interest rates for Country A and Country B over the last 20 years. The chart reveals that whenever Country B's central bank changed its rate, Country A's central bank made an almost identical change within days. What is the most likely explanation for this observed pattern?
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An economist presents a chart showing the central bank policy interest rates for Country A and Country B over the last 20 years. The chart reveals that whenever Country B's central bank changed its rate, Country A's central bank made an almost identical change within days. What is the most likely explanation for this observed pattern?
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