In accordance with its assessment in the most recent stability report, FI is leaving the countercyclical buffer rate unchanged in the first quarter. The buffer rate of 2 per cent, which was applied starting on 22 June 2023, shall thus continue to apply. The countercyclical buffer guide is calculated at 0 per cent.
The table shows the current buffer rate as well as future buffer rates that have been decided.
Current buffer rate | New decided buffer rate [when relevant] (to be applied from) | Credit-to-GDP gap | Buffer guide |
---|---|---|---|
2 per cent | - | -15 ppts | 0 per cent |
According to the Capital Buffers Act (2014:966), FI must change or determine the countercyclical buffer rate when necessary. According to the same Act, FI must calculate a countercyclical buffer guide for each quarter.