The weighted average rate in the interbank call market, where banks lend and borrow among one another, was at 5.61% on Monday versus 5.17% last Thursday and 5.20% Friday, reflecting a surge of nearly half a percentage point.
Federal Reserve Governor Christopher Waller opposes a rate cut at the upcoming policy meeting. He suggests future cuts are possible if inflation pressures decrease. Waller
Shares in Australia and Japan fell more than 1% in opening trade while equity index futures for Hong Kong slipped. Drops for Japanese benchmarks reflected
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