Simultaneously, the ceiling on bank deposit rates was raised to 1.1x from 1.0x the benchmark rate, and the floor for lending rates was lowered to 0.8x from 0.9x.
For example, over the last five years CKXE has traded for a price-to-cash earnings multiple of 20.0x to 51.1x, but currently it stands well below that range at 15.8x.