Banks’ borrowing from the Central Bank of Nigeria, CBN, rose sharply by 395.2 percent week-on-week (WoW) to N4.72 trillion last week from N953.11 billion the previous week.
Market participants are expecting additional liquidity support via variable rate repo (VRR) auctions and open market ...
Economists expect inflation to continue easing in the coming months on the back of easing food prices, supporting the central bank’s decision to cut the policy repo rate.
By cutting rates, the RBI sends a message that it is ready to support growth, confident that the worst of inflation is over.
The country’s largest private sector lender HDFC Bank has increased its marginal cost of funds based lending rate (MCLR) on ...
A repo is a short-term borrowing transaction to sell securities and repurchase them later at a slightly higher price.
The move is expected to boost sectors such as real estate, which depends heavily on loans for its consumers to make a ...
According to various reports, Reserve Bank of India (RBI) might give more relief to the middle class by further cutting ...
Repo rate-linked loan EMIs will be reduced immediately, within about a month, but MCLR-linked loans could take at least two ...
Experts say that borrowers with repo rate-linked loans will see an immediate or near-term reduction, while those with MCLR-linked loans may have to wait longer.
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