Indian Bank Loan Growth YoY (Jan/23) Y/Y 14.6% (Prev. 13.1%)
The Indian bank loan growth accelerating to 14.6% year-on-year in January from 13.1% previously suggests an increased demand for credit, potentially signaling robust economic activity.
OPEC+ has reportedly not decided on output plans for April as it stands, Bloomberg reports citing sources; some see scope to resume supply hikes in April
OPEC+ is reportedly leaning towards resuming oil output hikes from April, sources report; no decision has been made, and discussions will continue heading into the next meeting on March 1
Indian Bank Loan Growth YoY (Jan/23) Y/Y 14.6% (Prev. 13.1%)
PBoC Vice Governor pledges to increased financial exchange with other ASEAN nations
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This uptick could have implications for monetary policy, as sustained growth in loans might encourage the central bank to consider tightening measures to curb inflation. Traders should watch for reactions in Indian equities and bonds, reflecting expectations for future rate movements.
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