The PBoC(people's bank of China) might be inclined towards another 27 basis-point rate hike sometime during the fourth quarter, reportedly constrained in part by concerns it might hurt fragile state-owned firms, or generate a new round of non-performing loans, or potentially destabilizing the banking sector.
2006-10-20 13:41:36 · 2 answers · asked by karmathecatdx 1 in Business & Finance ➔ Other - Business & Finance
When you charge more intrest, payments go up. Higher payments will lead to more defaults. If you were just getting by right now, and I raised your car payment by $200, wouldn't that put you in a bind financially? Same priciple applies here.
2006-10-20 13:45:36 · answer #1 · answered by dantheman_028 4 · 0⤊ 0⤋
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2016-11-24 20:29:46 · answer #2 · answered by magoon 4 · 0⤊ 0⤋