Great explanation.

When the acting president openly demands "significant rate cuts this month", it sounds like public pressure on the regulator and at the same time a signal to the markets: political power wants cheap money and quick results. Formally, decisions on rates are made by an independent central bank, but investors understand well that such statements are rarely made for no reason. This is an attempt to accelerate the transition from a regime of expensive money to softer conditions — and softer conditions almost always mean the same thing: credit becomes more accessible, borrowing costs fall, and the appetite for risk begins to slowly return.