exactly
they are afraid everyone will switch from long term loans to 1yr loans at 3.9%
which would mean that when the reserve bank next needs to cool the economy by raising rates
it will negatively affect so many people
the political cost to the gov. will be too high
they are afraid everyone will switch from long term loans to 1yr loans at 3.9%
which would mean that when the reserve bank next needs to cool the economy by raising rates
it will negatively affect so many people
the political cost to the gov. will be too high
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