Some are monumental like whom to marry or what career to pursue. How many of these decisions that we make turn out to be good ones? More importantly, did we make good decisions on things that really mattered? Our ability to exercise good judgment determines the quality of our individual lives.
Moreover, monetary dynamics continued to strengthen in an environment of already ample liquidity, driven by the most liquid components of M3 and, on the counterparts side, by faster credit expansion to the private sector. These developments reflected to a large extent the stimulative effect of the very low level of interest rates.