Many of these issues, however, are also of great interest to the public at large, such as how to account for new consumption trends; how to handle (and benefit from) digitalisation; how to develop more comprehensive measures of the cost of living, especially ones encompassing housing costs. This, I think, makes your work particularly valuable.
When the global rate declines, we need more rope – or face a rising exchange rate and tighter financial conditions than needed. Second, how you respond to lower interest rates is personal. Lower interest rates stimulate investment (funding costs are lower as are expected hurdle rates of return). Income derived from passive savings in the bank is lower – prompting more active investment decisions.