The headline inflation rate was 2.7 percent in September, bringing the average inflation rate for the first nine months to 2.6 percent, lower compared to the 6.8 percent recorded during the same period last year. •  Lower inflation meantime has allowed interest rates to decline.
Graph 8  Second, banks' use of wholesale debt markets (both short-term and long-term) is much less than it was a few years ago. Since the financial crisis, a much larger share of funding is obtained via deposits; the fall in the share of short-term debt over the past decade has been quite stark.