Yes. nothing is rational. 8& 10% rates are possible.
In Turkey rates went up nearly doubled overnight
https://www.msn.com/en-us/money/markets/turkey-s-central-bank-hikes-interest-rate-to-15-in-dramatic-u-turn-to-fight-inflation/ar-AA1cSAwP
aussies used to pay 15,17% interest rates in the 90s.
People used to do 2 or 3 jobs to buy.
SO anything can happen. Dont believe what the pundits tell you. They used to gaurantee you low rates for long time. Me luv you long time- so sayz the RBA headh0nch0
