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Deposit rates climb, benefiting savers but squeezing vulnerable borrowers

Deposit rates are rising sharply as competition among banks for customer deposits intensifies. With market rates climbing following a benchmark rate hike, banks are raising rates on major deposit products to secure funding. While higher rates offer depositors an opportunity to earn more interest, concerns are growing that they could increase the burden on v..

Consumer confidence improves for two straight months
Consumer sentiment rose for the second consecutive month, sustaining an upward trajectory this month. This improvement is driven by a brighter perception o..

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