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Central Bank urges banks to reduce interest rates on lending

Sep 23, 2010 9:38:14 AM - adaderana.lk
The Central Bank of Sri Lanka has requested all banks to reduce their interest rates on housing loans to 14 per cent per annum, credit card advances to 24 per cent per annum and interest rates on other loans and advances to be adjusted downwards by around a further 1 to 2 per cent per annum, states the Bank’s Supervision Department. READ MORE....