China sees loan prime rates fall for first time in 10 months
The market-based lending benchmarks fell for the first time since August 2022 on Tuesday, June 20.
Banking crisis
Bank of Korea heeds possibility of US rate hikes later this year
The US Federal Reserve has waived interest rate increase but signalled that two more rate hikes are on the way, the central bank said.
S’pore’s GDP growth forecast for 2023 dips to 1.4%: MAS survey
One key factor cited was that bank loan growth will slow to 0.5 per cent, well down from the estimate of 1.3 per cent made in March.
China’s major State-owned banks adjust deposit rates
The move comes as a subsequent adjustment following last year's rate cuts by some major banks in China.