We estimate an inflation forecasting model comprising output gap, changes in oil price17, WALR
, and M2 growth along with inflation inertia.
The coefficient of WALR
shows a significant and negative relationship of WALR
with KSE 100.
The existing liquidity situation, changes and movements in WALR
are also considerably influenced by the private sector demand for credit.
Reduction in the policy rate helped in bringing down the weighted average lending rate (WALR
) of all loans and advances by 25 basis points during 2015.
On supply side, possibly making lending slightly more attractive is the spread between (WALR
and 3-month T-bill rates) that has edged up from 113bps (on average) in FY14 to 131bps (on average) in FY15.
Similarly, in relation to the Code jurisdictions, see, eg, Wilson v Dobra (1955) 57 WALR
95, 97 (Dwyer CJ).
However, other market interest rates, such as KIBOR and weighted average lending rate (WALR
), have largely followed the policy rate reductions.
(95) Milne v James (1910) 13 CLR 168, 177-8 (Griffith CJ); Hough v Taylor (1927) 29 WALR
97, 98 (McMillan CJ); Richardson v Browning (1936) 31 Tas LR 78, 143-4 (Clark J); Wayella Nominees  WASC 210 (Unreported, Roberts-Smith J, 4 November 2003) ; Fernance v Simpson  NSWSC 121 (Unreported, Windeyer J, 5 March 2003) .
(72) Carrier v Bonham  1 Qd R 474, 480 (McMurdo P); Adamson v Motor Vehicle insurance Trust (1957) 58 WALR
(50) (1957) 58 WALR
56, extracted in Luntz and Hambly, above n 1, [3.2.14C].
Stickland was prosecuted under reg 7 for possessing a single copy of No War on Soviet Russia: see Stickland v Nevin (1941) 43 WALR
18 for the report of the appeal against his conviction.
Sub Index 30 of 69 for 34% Swings: UrbanA/C WAMJ +.9; UrbanA/C WALR