Latest data up to end-May 2023, show that financial conditions have had a generally sideways movement since mid-2021. The average value of the FCI over the past 12 months was down by 2% compared with the average for the previous 12 months. Comparing only the month of May 2023 with May 2022, the FCI showed a rise of 1.6% y/y. The month-on-month change was -0.7%.
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