Against the backdrop of the tightening of monetary policy, the pass-through to bank funding costs has proceeded rapidly, most notably for yields on bank bonds (Chart 1). [13] Deposit rates contained the rise in the interest rate expenses of banks during the initial phase of the tightening cycle.
Regardless, this is one of the issues that we will study during the pilot phase, and will embark on polymer notes on a long term basis only if the cost-benefit calculus is decidedly positive in all dimensions. Why we need this paper mill 18.