At least some of these business face a choice: do they increase wages in an effort to attract new employees and put up their prices or do they pursue another strategy? Many firms are choosing this second option, relying on non-wage strategies to retain and attract staff.
With this measure, the Bank is using its own balance sheet in an attempt to resolve issues faced by enterprises at the micro-level. This has a cost to us. The Bank cannot keep this line of credit open indefinitely. Judging from some press reports, it would seem that some banks are able to meet the demand at comparable terms on their own.