Comparison of Typical Household Returns to Currency and Policy-Rate Returns

A country's central bank announces its main policy interest rate is 4.5%. However, a typical citizen observes that their personal savings account at a commercial bank only offers a 2.5% interest rate. Which of the following statements best analyzes the fundamental economic reason for this difference in interest rates?

Evaluating Public Statements on Interest Rates

Explaining Interest Rate Discrepancies

For the majority of households, the interest rate offered on a standard savings account is a direct and unfiltered reflection of the central bank's primary policy rate.