in no country in the world can ensure. These italy telegram data lags are related to how economic agents make decisions. For example, a significant portion of those loans that were issued in August and September, especially in terms of retail and mortgages, they were issued within the framework of credit decisions that were made before the rate was raised.
Worth noting once again that the extent
to which our decisions are transferred to the rate of credit growth is affected by the availability of preferential programs. The contribution that preferential programs make to the overall credit growth is not sensitive to our rate. This means that a more significant change in the key rate is required to achieve the same result. This is what we always talk about. If someone gets loans cheaper, then others will have to pay more for loans. Only consistently continuous improvement for cybersecurity low inflation makes loans equally accessible to everyone.
The Central Bank used to say
when it made non-standard decisions on the rate, that we were not in the “fine tuning” zone. Now we are far from the “fine tuning” zone, that is, we will agb directory not see steps of 25-50 basis points in the near future?
