rbi speech, 2023-09-21
With the turning of the monetary policy cycle into tightening mode to fight inflation since May 2022, banks' net interest margins (NIMs) have expanded due to fuller transmission to lending rates than to saving and current account (CASA) deposit rates, a phenomenon that has been observed in many advanced economy (AE) banks during the period of synchronized monetary policy actions.
Sentiment: neutral
Topic: mp_interest_rate