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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 – September 2026
The financial cycle remains flat. Its upturn is being held back by persistent uncertainty and weaker economic growth. Demand for loans is holding steady despite a moderate rise in interest rates, and housing prices continue to increase. Banks are well capitalised and profitable. The countercyclical capital buffer (CCyB) rate remains unchanged.
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