Despite the ongoing banking stress, the federal government is expected to deliver another interest rate increase.
Despite the ongoing banking stress, it is expected that the federal government will deliver another interest rate increase as inflation remains stubbornly high.
Meanwhile, HLIB Research noted that monetary indicators have become much softer in March 2023 as money supply, broad money supply, total leading loans and loans disbursements continues to move at a moderate pace on a yearly basis. Deposit growth also remained at a slow pace with only a 7% increase y-o-y following slower business and household deposits, offsetting the pickup in foreign deposits.
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