81. Financial institutions faced with difficulty in obtaining funds have no choice but to raise their deposit rates. 82. For several months now, the BBL had not changed its deposit rates, the source said. 83. He was confident that once banks were assured of easier access to short-term funds they would no longer be forced to offer steep deposit rates to raise funds. 84. If deposit rates fall, banks usually match the move by lowering prime lending rates. 85. In addition, the secondary and primary bond market grounded to a halt with these steep increases in deposit rates and tight liquidity. 86. In order to ease a growing interest rate war, BI decided to cap deposit rates by tying them to the SBI rates. 87. Increasing deposit rates might improve liquidity but is certain to have knock-on effects. 88. It indicated a likely reduction in government-set deposit rates on provident and pension funds, post office deposits, small savings instruments in the upcoming budget. 89. It is believed that NTB is suffering liquidity shortage since an increase in lending rates usually follows a rise in deposit rates. 90. It has also tried to pressure deposit rates to come down. |