Latest data up to end-March 2024, show that financial conditions had continued to ease from its two-year high in November 2023. The average value of the FCI over the past 12 months was up 6.5% compared with the average for the previous 12 months. Comparing only the month of March 2024 with March 2023, the FCI showed a rise of 4.0% y/y, while the month-on-month change showed a contraction of 1.1%.
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