Thank you for your question.
You are right that a global consensus is emerging, but the post-crisis focus on monetary policy was probably excessive. Immediately afterward, monetary and fiscal policies were implemented simultaneously around the world. After about two years, we saw a fairly strong recovery, and it was assumed that the bulk of the work had been done. Today, it is clear that it was too early to claim victory and that the world is still experiencing significant distress. Consequently, fiscal policy became more balanced, and monetary policy had to become more accommodative during the second phase.
Today, a consensus exists, but not everywhere, not in every country. It's not universally accepted, but we are in a situation where incremental changes in monetary policy will have less of an impact. We are almost in the same situation as during the Great Depression of the 1930s. That is when Keynesian economics comes into play, meaning that, in such situations, the use of fiscal policy is more appropriate.
As for us, I would simply say that, with the mix of the two policies, which are both important, we anticipate an interest rate of 0.5%, rather than a lower rate, because the fiscal policy is more accommodative.