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Macroprudential Commentary
An overview of current trends with an emphasis on cyclical risks. It supports decisions on the setting of the countercyclical capital buffer rate.
Macroprudential Commentary – March 2025
The financial cycle is gradually recovering. Lending to households continues to grow, and the housing market is also on an upward trend. However, lending to firms has yet to pick up despite falling interest rates. Heightened uncertainty is preventing a more substantial financial cycle upturn.
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