As almost everyone most know by now, the HBD interest rate is at 20% a year, up from the previous 12% rate, which is over 50% more than before.

I know it comes from the current world context, with high inflation across the board. I am from Brazil and our banks did well because we have increased interests before everyone else, so the Brazilian Real became the best performing currency in 2022.

Hive witnesses have the same responsibilities as central banks when they control inflation

I am a small witness and I was always voting for a higher HBD yield because I agree with the Brazilian monetary policy (where I live), that because countries, due to inflation, will be forced to raise interest rates significantly, those who do it first will be benefited in the long term, which played out correctly to Brazil, so I thought it should play correctly to Hive too.

Until recently, while the interest rate for HBD was at 12% I was voting for 15%, but now that they (the top 20 witnesse) totally skipped it and went straight to 20% I will keep voting for a 15% interest rate because I think that 20% FOR NOW is too much.

Maybe in the next couple of months 20% will be reasonable, due to every bank everywhere raising interests, but for now I think it is too much.

Luckily my witness node is too small, so such important economic decisions don't fall on my shoulders, but even if it did, my proposal is still 15% for now, more than it was before, less than what it is now, but I might start voting for 20 too, will keep myself updated to take that decision when I think it is appropriate.

Either way, the current HBD interest rate is 20% and as a small witness I can't actually change that, but I can discuss, and discussing is something we all can do.

By the way, help me become a less small witness by leaving a vote to me, can you? Thanks!