Rate cut a palliative measure; cannot counter coronavirus pandemic impact

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Lowering rates at this time also carry the risk of affecting deposits, as banks will have to rework their deposit rates considering that the lending rates have already been affected.

Lowering rates at this time also carry the risk of affecting deposits, as banks will have to rework their deposit rates considering that the lending rates have already been affected. https://ift.tt/2xMJUEJ March 16, 2020 at 04:48PM

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