Analysts say any rise in BLR will mean higher costs of borrowing for consumers with housing and car loans as well as for businesses.
Source: theedgedaily.com
Hmm…looks like it’s going to be more costly to finance a house/loan.
Though FD rates are also rising, I am sure there are more people out there who are taking loans for their houses/cars then keeping them in a saving deposit.
In short, it’s still a downside for most consumers.
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