The RBF lends funds to commercial banks, credit institutions and FDB at 2 percent and these lending institutions are allowed to charge interest rates up to a maximum of 6 percent.
The current Government’s concerted effort is vital and timely and we also support the call made by this panel for more variants on fiscal and incomes policies given the limitations faced by the monetary authorities. Nevertheless, a more positive outlook remains ahead with the reforms taking place and as the current mix of monetary and fiscal policies are aligned.