An interesting comment made to me last week at my little lending get together and that was that the market (rates) had already factored in the upcoming expected rate drop.
So if that's the case then the signal is that it isn't going to drop by as much as we expect and even if it does don't expect anything to be passed through. hmmmmm not a good look and so therefor raise the rates this week so you can drop them next.
So if that's the case then the signal is that it isn't going to drop by as much as we expect and even if it does don't expect anything to be passed through. hmmmmm not a good look and so therefor raise the rates this week so you can drop them next.
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