0.25%p interest rate change, effect after 6, 12, 24 months
Dots are estimates, lines are intervals in parentheses. Units are based on raw data.
Negative (-) effect
Positive (+) effect
Hollow dots: interval includes 0
Interval range
Rising phase: effect is fastestAfter 6 months, it is -1.2, with the entire interval below 0. After 24 months, the interval straddles 0.
Entire period: increases over timeIncreases to -0.5, -0.9, -1.2, and only after 12 months does the interval move away from 0.
Falling phase: all three time points are positive (+)Increases to 0.6, 1.2, 1.7, and all intervals are above 0.