I just read other bigger witnesses than me elaborating on why they are also lowering their APR for HBD savings. I have personally been voting for an 18% for a few months already, but following the interest shown by other witnesses to reduce it even further from now I reduced my witness APR to 16% starting now.

As the top 20 witnesses reduce their interest rates soon we will see that reflecting on everyone's savings.

Personally what I expect from this is a slight upward pressure on the price of HIVE since there will be less incentives over time to convert HIVE into HBD. Still at 16% and without a bull market in sight nothing will make HIVE "go to the moon", but I think this is a good economic policy.

As a small witness, of course, not much I do has a big reflect on Hive in general, but I try to stay ahead even if ever so slightly.