### Comment:
Can we get a rough idea of what is meant by 'some time'?  
  
 Elsewhere in the minutes they write:  
  
 'repo rates had been trading well above the ON RRP offer rate for some time'.  
  
 How long have repo rates been trading well above ON RRP offer rate?

### REPLY:
Until after the trade war is finished. There’s far too much uncertainty of the health of the country’s economy as companies built inventories thinking it could get worse rather than stay lean.

### END.