In the corporate bonds and CP markets, the issuing environment for firms with low credit ratings is still severe, but the environment for firms with high credit ratings is accommodative. Credit demand in the private sector continues to follow a downtrend mainly because firms are decreasing their business fixed investment while continuously reducing their debts.
Because supervision and macroeconomic stability should not be our only focus. We also need to turn our attention to the other major challenges of the day: the digital revolution, safeguarding data privacy, the changing climate. Everything we can do to help make our world a more sustainable place.