“Don’t really see the problem here. What they should also do is attach an inflation rider to the limits that should be reset yearly rather than having to review these during crisis situations.”
I see it differently. They are paving the way to make sure inflation doesn’t stay in the pocket of homedebtors but makes it back up the food chain to to the people who inflated the bubble in the first place. This is all part of the engineered “softer” landing. That ship that is big and hard to turn around. They are working on it.
