As a policy maker, I know these tools well: we raise repo to make borrowing costly, hike reverse repo to absorb bank funds, increase CRR to lock away liquidity, and sell bonds in open market operations. But I tighten too late, beta, because we always hope inflation is temporary, and acting harshly feels like scolding your own children. I saw it in my salon—when young customers started leaving for mall salons, I waited, thinking they’d return, and only then raised my efforts, but some had already gone for good.
#money#career
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