I do ponder over your first point, as I would have thought that if banks are decreasing lending, then they are experiencing a "credit crunch", meaning that banks tighten their lending standards as they prioritise healthier balance sheets and would prefer to hold onto cash. I see your point about reduced lending meaning that the selective few who get loans might get lower borrowing costs, but on the other hand, I wonder whether this could also be the other way round? Where banks are discouraged from lending so if they do so, they would only offer financing with significantly high interest rates or other restrictions. Would be keen to hear your thoughts