Monetary Policy
Transcript of Nov. 2015 MPC Press Briefing
Friday, 20 November 2015 00:00

The Policy Rate may not have direct effect on bank charges because we see that one as reflecting overheads and so on but it is expected that it will have effect on their lending activities, lending rates and so on. This is because one of the effects of the tightening is expected to reduce the liquidity in the system and through the effect on banking.

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