This has had a bearing on a number of other constraints faced by the industry including weak corporate governance and management capacity, weak internal controls, unhealthy competition and multi-lending, low scale & outreach, unfavorable image and public confidence, information constraints, high transactions costs, limited access to funds and the lack of industry performance standards and accountability.
2  BIS central bankers’ speeches  between the main refinancing and the deposit rates. The relative difference between the cost of borrowing from the ECB and the benefit of depositing with the ECB determines the incentive to lend in the interbank market. Having an active interbank market is important to obtain price signals about the transmission of policy rates into the economy.