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Lending rates to come down

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23 September 2010 12:10 pm - 12     - {{hitsCtrl.values.hits}}

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The Central Bank requested all banks to reduce lending rates on housing loans to 14%, Credit cards to 24% and other loans by 1 to 2%  per annum by the end of October, the Central Bank says.

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  Comments - 12

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  • TP Thursday, 23 September 2010 12:46 PM

    What will happen to the poor fixed depositors whose livelyhood depends on the interest???

    Che Thursday, 23 September 2010 02:57 PM

    THIS MEANS MORE TAXES FORTHCOMING, FOR THE TAX PAYER, AND MORE AND MORE PERKS FOR THE NON TAXPAYING POLITICIAN,

    Roshan DW Thursday, 23 September 2010 04:31 PM

    The inflation will go down.Central bank figures will be looking great..But what about the citizens?

    RAJAPAK-ISTAN Thursday, 23 September 2010 05:06 PM

    RATA PERATA.

    rosh Thursday, 23 September 2010 05:13 PM

    R U out of ur mind? Howcome they are poor if they can afford fixed deposits where just the interest is enough to live???

    lankaputha Thursday, 23 September 2010 05:27 PM

    Fixed depositors will get the rate promised. It is fixed :)

    Geronimo Friday, 24 September 2010 01:47 AM

    Who cares as long as it effects only the poor of the country!!!

    tharanga Friday, 24 September 2010 02:04 AM

    This guy is mad. I don’t know poor people which have Fixed deposit ..haha surely this guy is not living in this world. don’t think negatively every time
    Majority of the people have a debt every country.so this is a good news ..thanks Mr.Kabral

    Shashin Friday, 24 September 2010 02:38 AM

    Please stop complaining. many will benefit by reducing rates.

    M.ASHRAFF NAZIM Friday, 24 September 2010 03:37 AM

    IF ANYTHING BENIFITED FOR POORS I MOSTLY WELOME

    Chalana Friday, 24 September 2010 04:57 AM

    CB should be vigilant that State housing banks heed to CB's request. Despite CB' s earlier directive, GOVT housing Dev. banks are still exploiting the poor with interest rates as high as 18% when pvt banks offer as low as 12% at small or no colateral. These state Housing dev. banks hold EPF , the pension of the poor at ransom. EPF is a very liqiuid colateral and therefore, they could easily offer lower rates. It is the poorest of the poor who sacrifies their hard earned money meant for living in disabled times to get a small housing loan.

    gato Friday, 24 September 2010 05:38 AM

    but stock market is doing very good!


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