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Yes, you are right, but during most of that time, interest rates neared zero. I like to plot the sum of YoY inflation and interest rates since it is more stable and gives a feeling of how much headroom there actually is.
Yes, you are right, but during most of that time, interest rates neared zero. I like to plot the sum of YoY inflation and interest rates since it is more stable and gives a feeling of how much headroom there actually is.