The R186 yield also lost most of the gains it had made last year and is now trading at just above 9.0%. The 12x15 FRA is back to 7.49%, implying an unchanged repo rate for next year. Financial markets will likely need more time to fully process the recent political events and their economic consequences.
This has been combined with instilling an assertive culture amongst our supervisors, as well as using our powers under a credible threat of enforcement.