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I'm sure that is possible but considering we are currently at 0.3%, we are so far from the limit as to make it difficult to say what the effect of getting from here to there might be. At least from my perspective it is difficult to say, you might disagree.

Actually I've suggested the same idea on Golos - sinse GBG is trading 3-4 times above the peg.
However this reverce conversion seem to be much more effective method.