India's central bank's tight monetary policy brought about regular fluctuation in the lending and deposit rates by banks during the year. As reported by The Economic Times, a similar trend is likely to continue next year due to continuing inflation. The loan seekers are expected to pay higher EMIs, depositors can hope for better returns on their savings in the coming year. The interest rates on home, auto and corporate loans have increased by about 2% during the year. The central bank increased its key short-term lending and borrowing rates known as repo and reverse repo rates for the sixth time during the year to tame inflation. |
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Hong Kong's composite interest rate declined 3 basis points (bps) registering 0.25% in February this year. As reported by News.gov.hk, the decrease in the composite rates was due to the decline ... more
Thailand's government is likely to offer financial support for export-oriented small- and medium-sized enterprises (SMEs) and the indigenous industry, resulting in an increase in volume and value ... more
Singapore's small businesses are expected to be having concerns regarding the new and diverse government incentive schemes, which were announced in the recent Budget. As reported by ... more