National Bank continues to reduce interest rates

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April 22, 2016 18:47

On March 12th, interest rates on standing facilities liquidity support operations were reduced by 2 % to 30 % per annum.

Bearing in mind previous actions taken by the National Bank to increase access to bank’s liquidity, the interest rates on corporate loans are anticipated to drop below 40 % per annum. The National Bank will also reduce constraints on lending in the economy, will increase interest rate subsidies on loans in industry, will partially restructure agriculture’s debt, and will reduce financial requirements for companies.

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