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India's economic growth to slow to 6.8% in FY27 amid West Asia crisis, El Nino impact: Re

India Ratings and Research has raised its FY27 GDP growth forecast to 6.8% from 6.7%, but expects growth to slow from 7.6% in FY26 amid inflation, rupee weakness and El Nino risks.

India's economic growth to slow to 6.8% in FY27 amid West Asia crisis, El Nino impact: Re

We haven't written up this one. The Economic Times - Economy has the full story — the link below goes straight to it.

Read the original at economictimes.indiatimes.com →

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COFIX Rises for Fourth Straight Month, Pressuring Variable Mortgage Rates

The cost of funds index, or COFIX, used as a benchmark for variable-rate mortgages at South Korean banks, rose for a fourth consecutive month in July, putting further pressure on borrowing costs.

  • COFIX rose to 3.18% in July, marking fourth consecutive monthly increase
  • Banks' funding costs increased, driving up COFIX from 2.81% in March
  • Variable mortgage rates tied to COFIX may climb further from August 19

More from Tuesday 18 August →