AGP Executive Report
Last update: 14 minutes agoMortgage Pressure & Housing Rates: A “Warsh effect” warning says the new Fed chair could keep US mortgage rates elevated and volatile, with the 30-year fixed rate rising to 6.49% in the week to June 25. Central Bank Lending Rules: Bangladesh Bank capped the loan–deposit interest spread at 4% to curb abnormal borrowing costs, while Bulgaria’s household deposits climbed 19.3% y/y to €56.3bn by end-May. Digital Payments Push: Philippines’ BPI will drop InstaPay and PESONet fees from July 1, aiming to boost cashless transfers; the UK also faces a broader push for QR-based payments. Banking Infrastructure & Finance Hubs: Central Bank of India inaugurated its IFSC Banking Unit at GIFT City to serve foreign-currency funding and trade finance needs. Banking Sector Deals & Tech: JPMorgan expanded community banking and education, while MiCA’s deadline is pressuring Europe’s unlicensed crypto firms; Chainalysis outlined limits and standards for blockchain tracing. Market Backdrop: UK stocks slipped as Middle East uncertainty lingered, with oil prices supported by Strait of Hormuz developments.
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