Furthermore, the spread between long term and short term government securities has declined. In the credit markets, the benchmark prime lending rates remain generally unchanged though interest rates for housing have marginally firmed up. Public sector banks increased their rates for deposits of over one year. In the external sector, conditions in our forex market continue to be orderly.
Jens Weidmann: Welcome remarks for a lecture given by Agustín Carstens Welcome remarks by Dr Jens Weidmann, President of the Deutsche Bundesbank and Chairman of the Board of Directors of the Bank for International Settlements, for the SAFE/CFS/Deutsche Bundesbank Lecture, given by Mr Agustín Carstens, General Manager of the Bank for International Settlements, Frankfurt am Main, 6 February 2018.