From 2 friends working in the banks told me that their HQ has stopped the fixed rate loans (those like fix % for a number of years).

This is in anticipation of a significant increase in BLR expected in the next 2 months. So, let's see how true is this and my friends said it might be as bad if not worst than what we had gone through in 1998.

So, FD might be at high as 12%!!!

According to my sources working in the bank, they said their banks have stopped giving out loans with fixed rates. That means, they ANTICIPATE that the BLR will increase SOON. Maybe as bad as in 1998.... ) Let's pray...