Latest data up to end-February 2023, show that financial conditions have shown a generally sideways movement since mid-2021. The average value of the FCI over the past 12 months was down by 5% compared with the average for the previous 12 months. Comparing only the month of February 2023 with February 2022, the FCI showed a decline of 2.5% y/y. The month-on-month change was -2.9%.
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