"Information is the oil of the 21st century, and analytics is the combustion engine." – Peter Sondergaard
Weighted Average Lending Rate is the average interest rate that banks charge on loans, weighted by the size of the loans. It provides a more accurate picture of the cost of borrowing than a simple average because it takes into account the fact that larger loans have a greater impact on the overall interest income…
In today’s interconnected global economy, exchange rates play a crucial role in international trade, investment, and finance. Among the various exchange rate regimes, the floating exchange rate system is widely adopted, where the value of a currency is determined by market forces of supply and demand. In this context, the concept of “Bank Floating Average…