Coin Bureau: Interest rates — not judged: the rule reads only US national figures

The window it was checked over

Federal funds target range, upper limit: Federal Reserve Board via FRED, figures as first published. The shaded span is the window the call was checked over; grey bands are recessions.

What was said around it

it can stagnate because people aren't incentivized to go out and consume and part of the reason why um the Chinese government is worried about doing potential fiscal stimulus massive fiscal stimulus like stimy checks like the US did during um uh the co pandemic is because of the fact that what happens if they do that and in people instead of choosing to consume and and buy things they just put it back into a bank account and the banks buy the bonds and then just keep on falling that would be a massive embarrassment so the central bank is planning some policy overhaul this year they're likely to reduce its current rate to 1.5% at an approp from 1.5% at an appropriate time um and it's of course driven by this the collapsing in credit demand amid this prolonged property slowdown of course property has been the biggest Albatross on the neck of many Chinese citizens and the country more broadly and I mean that that holds kind of sort of collapse of the property sector that must have wrecked investor confidence because that was what most Chinese or the vast majority of Chinese were were putting their were putting their investments into and leveraging up leveraging up as well more than one

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