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They have to cut rates coz that's when loan moratorium for most people ends. At least the impact on loan takers would be cushioned somewhat. But yes, generally good news for RCECAP. I wanna see how they fare this qtr with the earlier rate cuts
the impairment of this counter is proportional to gdp. if gdp shrink, impairment may shoot up. hopefully the increase profits margin will offset it. but no matter, impairment is not cash item, its not actually a lost. when gdp bounce back, impairment will be offset. i suppose
