Consequently, this to some extent resulted in postponement of investment decisions (though these are expected to come on line with the new Government now in place). At the same time there has been pressure on spending, among others stemming from the need to build up security and conduct election.
9,  Page 6 of 7  purchasing a new car or move to a more expensive home. If this is the case, negative deposit rates may lead to more lending. But if households instead simply reduce their deposits by paying back debt, lending could decline.