In the last 12 months, weighted average lending rate on fresh loans sanctioned has increased by around 181 bps while weighted average domestic term deposit has increased by around 113 bps.
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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