When multiple countries are trying to boost their economies by lowering their interest rates,it causes a situation referred to as:

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When multiple countries try to lower their interest rates to boost their economies, it leads to a competitive devaluation scenario. This happens because lowering interest rates lead to a decrease in the exchange rate of a country's currency, which in turn, makes exports cheaper and more competitive, thus boosting the economy. However, when many countries try to do this at the same time, it could lead to a currency war where countries try to outdo each other to achieve lower exchange rates, resulting in a devaluation spiral.

When Multiple Countries Are Trying to Boost Their Economies by Lowering