Double edged sword isn't it? By dropping rates they impact returns on cash holdings.
Regardess of what we want, their traditional goal is monetary stability, not economic stimulus. Even if their goal was to stimulate, they see improving economic conditions globally, which prompted the hold.
I'm split, would like better returns on my cash, but would also like something to jerk our market into life.
tobacco chewin chewsday?, page-61
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