i cannot believe these mofos increase interest in deposit yet again and now it is double digit. stock market likely to nose dive tomorrow.
there is argument like but “deposit”, “not nrb/bank’s job to keep nepse up”, etc. but the hike in interest only contribute to inflation and only makes things costly for general good. if you want to buy anything price will go up in comin months. Banks calculate interest for loan based on Base Rate with 11% from 7% interest on credit as well will go up. may be some will still be able to pay.
why they are not controlling the market. i don’t understand why banks still have to follow age old “deposit based” business rather than consumption based like in matured countries.
these boomer lover charge shit ton of money for mobile/internet banking (separately). they are charging us for making their work easier.
economic growth is negative, trade deficit is ever increasing yet these people assume money will flow in once interest go up.