Answer:
they were removed for 10 years
Answer:
Increased Inflation.,
Cutting interest rates isn’t guaranteed to cause a strong economic recovery. Expansionary monetary policy may fail under certain conditions.
If confidence is very low, then people may not want to invest or spend, despite lower interest rates.
In a credit crunch, banks may not have funds to lend, therefore although the Central Bank cuts base rates, it is still difficult to get a loan from a bank.
Commercial banks may not pass the base rate cut on.
Yes. People usually hire others to influence government officials. For example,we are told that in 2016 Taiwanese officials hired an American senator to set up a phone call with Donald Trump and the Taiwanese President Tsai Ing-Wen.
Everybody say NOoooooooooooo!!!!!
