Need to curtail widening gap between bank deposit, lending rate

by | March 27, 2013 3:13 pm

It is public knowledge that the excessive interest rate banks charge on loans and advances is a major impediment to economic development and even the health of the country’s financial system, Uche Chibuike, a member of the last Monetary Policy Committee (MPC) meeting held in Abuja, has said. Chibuike is of the opinion that the…

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