Macroeconomic conditions, including low interest rate environments put a downward pressure on profits and increased the incentives of FIs to cut costs.

Name: Macroeconomic conditions, including low interest rate environments put a downward pressure on profits and increased the incentives of FIs to cut costs.
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Question

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Low interest rates reduce the profitability of FIs as they earn less on interest income. This may lead to cost-cutting measures to maintain profitability.

Macroeconomic Conditions, Including Low Interest Rate Environments Put a Downward