This is why we must not be swayed by fashion and trends or take action just because “everyone else is doing it”. We must analyse well our own scope and possibilities of action, in order for benefits to outweigh the negative effects. The NBS has been analysing these developments for quite some time, keeping abreast of changes in the international environment.
The Fed's surprise intermeeting cuts of 50 basis points each on January 3 and April 18 of that year were both greeted euphorically by the stock market, with one-day increases in stock values of 5.3 percent and 4.0 percent, respectively.