So the growth in the bank credit is not going to corporates, manufacturing or infrastructure sector. It is actually going to the individuals which is actually getting leveraged. So I do not see this as a very strong growth indicator.
Fed’s Waller, leaning against March cut, sees easings later in year
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