Page 55 - Annual Report 2020
P. 55
/ 50 QF CR A ANNU AL REP OR T 2020
14. Interest-rate risk in the banking book
Given the preponderance of the 1-3-month repricing
interval as of December 2020, banks generally were
favourably positioned for an increasing interest rate
environment, aligning with the expectation of interest
rates increasing after a brief period of ultra-low interest
rates triggered by the Covid-19 pandemic during 2020.
T ABLE OF C ONTENT S
