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What exactly do you mean by 'artificially low'? All short term rates are just a function of central bank policy. The bank will raise or lower rates in an attemp
by soVeryTired 9y ago
What exactly do you mean by 'artificially low'? All short term rates are just a function of central bank policy. The bank will raise or lower rates in an attempt to control inflation (and any other mandate). 'Abnormal' I'd grant you, but not artificial.
- joyeuse6701 9y agoartificial as in not 'natural' and natural as in set by market forces, which a central bank setting a short term rate is not a 'natural' market force.
- soVeryTired 9y agoIt's been a long time since short rates were set by market forces. And the financial system wasn't particularly stable then either.