At the same time, inflation was at multi-decade highs and interest rates were rising. While this was impacting consumer confidence, we were yet to see much of an  1  impact on consumer spending and business confidence was high. Higher consumer prices, rising interest rates and falling housing prices were all expected to increasingly weigh on consumption.
It is absolutely clear that including this information adversely impacts the realization of the objective of the Credit Data Law. This negative impact was focused on yesterday by the Deputy Attorney General and the Committee’s Legislative Counsel. I emphasize that we support the sharing of information, and are already working in joint teams to promote it.