So, I understand they have room to cut, but I think broadly, all they have is about 150 basis points, that is all there is on the table. Now, my sense is they will take next six meetings to do a 25 basis point each if the data continues to be favourable and stop somewhere at maybe 3, 3.5, so that is broadly the best the market can expect. We are not going back to zero days and I think there are a lot of reasons that we can discuss about.
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