Table 3 Sensitivity of real GDP to an interest rate change (percentage change from the benchmark)
Per cent change of interest rate | t1 | t2 | t3 | t4 | t5 | TOT |
|---|---|---|---|---|---|---|
− 1.0 | 5.23 | 3.95 | 2.77 | 2.89 | 3.28 | 18.12 |
− 0.5 | 5.23 | 3.70 | 2.33 | 2.26 | 2.45 | 15.97 |
Benchmark | 5.23 | 3.45 | 1.90 | 1.63 | 1.62 | 13.83 |
0.5 | 5.23 | 3.21 | 1.46 | 1.01 | 0.80 | 11.71 |
1.0 | 5.23 | 2.97 | 1.03 | 0.39 | − 0.02 | 9.59 |