That episode of investor fright has largely dissipated. But left unanswered is the question of why such episodes erupt in the first place. It has become evident time and again that when events are unexpected, more complex, and move more rapidly than is the norm, human beings become less able to cope.
Monthly deposit rates on new business volumes weighted by outstanding amounts. Composite funding cost, calculated as a weighted average of the cost of deposits and market debt funding, with the respective outstanding amounts on bank balance sheets used as weights. The latest observations are 4 July 2023 for bond yields and May 2023 for BSI and MIR.