I am particularly happy that a business news channel which has built up a credible reputation for its reportage and analysis of the financial markets is taking this initiative to lend its voice to the needs and expectations of the unbanked and excluded, yet silent mass of our population.
The high interest rates were imposed by the authorities to rein in very dynamic economies, where many investors wanted to borrow to exploit the profit opportunities.19 The capital flows which occurred were not sufficient (or could not be absorbed sufficiently quickly) to exploit all the opportunities.