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  "documentTitle": "March Macro Brief Financial fissures emerge",
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  "notes": "The chart illustrates the 'deposit beta' concept, highlighting the margin capture by banks during the 2021-2023 period.",
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      "text": "Implications for corporates: Cash rich corporates could see revenue benefits; deposit pricing pressure to weigh on bank earnings; potential for higher borrowing costs.",
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      "text": "Overnight bank deposit spread (policy rate minus average deposit rate): 2.6 pp",
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