Exactly, I also view it in the same way.
How an economy which is on ATHs of debts cut the rates. They can only do it if they print it some trillions once again.
cutting rates allow to pay less debt, but will increase inflation again, which is not wanted until elections at least. I am also struggling to see how they would cut rates. World War III , or the next pandemic with the H5N1? black swans can happen. If not, it would not make sense to cut right now.
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