BAS September 2022 Presentations
Internal Use Only
High Interest Rates Reduce Inflation
Higher Interest Rates
Less Spending
Lower Inflation
Less Borrowing
7
Internal Use Only
Interest Rate Changes Affect Asset Yields and Funding Costs
9.0%
7.5%
6.0%
4.5%
Yield on Earning Assets
3.0%
1.5%
Cost of Funding Fed Funds Rate
1992
1995
1998
2001
2004
2007
2010
2013
2016
2019
8
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