When interest rates are rising both businesses and consumers will cut back on spending this will cause earnings to fall and stock prices to drop.@samaritan wrote:In developed countries interest rates are very low b'cos their currencies are strong unlike here. See how rupee has depreciated you will understand.@celtic tiger wrote:@reyaz wrote:Banking and Insurance made thumping profits and are acting like beggars, anyone disagree? give your reasons, I am all ears
prevailing rates and policies MAKE these sectors lazy money making businesses(All they have to do is to site down all day on a nice chair ) . In develop countries deposit rates 1.5 to 3
lending rates 5 to 7.5
mortgage rates 1.5 to 4.5
Sri lankan rates has to change if we wants to become a production driven economy.
central bank can bring down the rates. I can't understand the connection between interest rate and weak rupee?
I think rupee is getting weak because of/ import, export gap/decreasing foreign remittance /huge foreign debt. please correct me if I am wrong here.