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Tag Archives: Interest

Interest Rates

Interest Rates

An interest rate is the cost of borrowing money, or conversely, the income earned from lending money. Interest rates are expressed as percentage of the principal per period. “Reduced interest rates encourage people to spend money on home improvements”   …

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Lower interest rates strike bank profits

Deposits are becoming unattractive for the customers The profitability of the banking industry is under substantial pressure. The last two years have been very challenging for the banks. The reduction in interest rates and downward re-pricing of government papers (domestic …

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