{"id":3839,"date":"2023-04-12T17:25:07","date_gmt":"2023-04-12T09:25:07","guid":{"rendered":"https:\/\/www.bis.hk\/?p=3839"},"modified":"2023-04-12T17:25:07","modified_gmt":"2023-04-12T09:25:07","slug":"monthly-viewpoint-march-2023","status":"publish","type":"post","link":"https:\/\/www.bis.hk\/zh-cn\/monthly-viewpoint-march-2023\/","title":{"rendered":"Monthly viewpoint &#8211; March 2023"},"content":{"rendered":"\n<p><\/p>\n\n\n\n<p><br><img decoding=\"async\" style=\"width: 30px;\" src=\"https:\/\/www.bis.hk\/wp-content\/uploads\/2020\/11\/833px-PDF_file_icon.svg_.png\" alt=\"\">\u00a0Monthly Market review \u2013\u00a0<a href=\"https:\/\/www.bis.hk\/PDF\/2023_03 March_Viewpoint.pdf\" target=\"_blank\" rel=\"noreferrer noopener\">Download Article<\/a><\/p>\n\n\n\n<p>The spectre of a banking crisis returned to haunt markets in the first quarter of the year, overshadowing all else.<br>Almost exactly one year on from the Fed\u2019s first increase in interest rates in what has become the steepest and<br>fastest tightening cycle in over 40 years, something significant was broken, with the collapse in March of two<br>mid-sized banks in the US and the fall of the much bigger Credit Suisse into the hands of its Swiss rival UBS, a<br>transaction orchestrated by Swiss regulators<\/p>\n","protected":false},"excerpt":{"rendered":"<p>When sizeable banks fail investors are<br \/>\nrightly nervous, and this was immediately<br \/>\nreflected in markets <\/p>\n<p class=\"customLink\"><a class=\"\" href=\"https:\/\/www.bis.hk\/zh-cn\/monthly-viewpoint-march-2023\/\">\u66f4\u591a<\/a><\/p>\n","protected":false},"author":2,"featured_media":3836,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[46],"tags":[],"class_list":["post-3839","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-46"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.bis.hk\/zh-cn\/wp-json\/wp\/v2\/posts\/3839","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bis.hk\/zh-cn\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bis.hk\/zh-cn\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bis.hk\/zh-cn\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bis.hk\/zh-cn\/wp-json\/wp\/v2\/comments?post=3839"}],"version-history":[{"count":1,"href":"https:\/\/www.bis.hk\/zh-cn\/wp-json\/wp\/v2\/posts\/3839\/revisions"}],"predecessor-version":[{"id":3841,"href":"https:\/\/www.bis.hk\/zh-cn\/wp-json\/wp\/v2\/posts\/3839\/revisions\/3841"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.bis.hk\/zh-cn\/wp-json\/wp\/v2\/media\/3836"}],"wp:attachment":[{"href":"https:\/\/www.bis.hk\/zh-cn\/wp-json\/wp\/v2\/media?parent=3839"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bis.hk\/zh-cn\/wp-json\/wp\/v2\/categories?post=3839"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bis.hk\/zh-cn\/wp-json\/wp\/v2\/tags?post=3839"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}