Am I losing my mind, or would lowering the inflation target not require _raising_ interest rates? If you drop rates at the same time as the target, you don't achieve it because inflation spikes, since more loans (at higher values) become more likely, raising money supply and increasing overall exposure to defaults.
If you want lower inflation, ie "harder money", it should be harder to aquire, which means _increasing_ interest rates. No?
https://businesstech.co.za/news/property/808296/what-a-big-change-for-the-reserve-bank-could-mean-for-r10000-per-month-home-loans-in-south-africa/
#asknostr #SouthAfrica
Good visuals of the gains and losses experienced over time hodling Bitcoin.
If you're buying Bitcoin this year, when it will be peaking, you can expect as much as a 75% drop in value within a year, and that would be considered normal. If you can survive 5 years without gains, at most, everything is upside after that.
#memes #meme #memestr