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From 0.5% to 1%. so this is actually a type of monetary policy. actually a type of monetary oli . ~ ., actually a type of monetary oli _ . ., ., actually a type of monetary oli .~ ., ., , ., policy. what are the pros and cons of this _ policy. what are the pros and cons of this decision? - policy. what are the pros and cons of this decision? one i cons of this decision? one issue is — cons of this decision? one issue is that _ cons of this decision? one issue is that there - cons of this decision? one issue is that there is - cons of this decision? one issue is that there is a - cons of this...

Changing situation, the pandemic taught us a lot but i wonder, policy takes time to filter through to the real economy even a change with interest rates takes six months to be felt, we are talking a long—term thing here? to be felt, we are talking a long-term thing here? monetary oli is a long-term thing here? monetary policy is a very — long-term thing here? monetary policy is a very blunt _ long-term thing here? monetary policy is a very blunt tool, - policy is a very blunt tool, the rule of thumb is any change in monetary policy settings can take six or 12 or 18 months can work through ...

Huge, everyone can agree on that. the challenge for economic policy makers is working outjust how those consequences could play out and making sure the right policies are in place to minimise the damage. talking to the us congress on wednesday the chair of the federal reserve was very clear about that. he also took an unprecedented step to let the financial markets no what he wants to do with us monetary policy. he wants to do with us monetary oli . ~ �* he wants to do with us monetary oli ,~ �* 4' ., he wants to do with us monetary oli .~ �* ,, ., ., he wants to do with us monetary oli ...