At 0% of the weighted assets of each licensed credit institution in the Republic, the rate of the countercyclical capital buffer for the period 1 April 2022 - 30 June 2022 remains at 0%, according to the Central Bank (CB), which "did not consider it necessary to adjust the rate".
According to the CB, based on the time series ending 30 September 2021, the deviation of the credit-to-GDP ratio from its long-term trend (credit-to-GDP gap) using the broad definition of credit is -61.5.
It adds that the deviation of the credit-to-GDP ratio from its long-term trend using the narrow (banking) definition of credit is -58,2.
(CNA)
CNA
Contents of this article including associated images are owned by CNA
Views & opinions expressed are those of the author and/or CNA
Source
