The National Bank is set to take a number of measures to boost low interest rates on loans.
to focus on several levers
“While the exact tools are unknown, several options are being considered. The demand for liquidity from both banks and business companies is quite high and the planned measures will increase the volume of liquidity in the national currency, ”he says.
In his words, at this stage the interest rate of the refinancing rate has only decreased but this is not enough to reduce the interest on loans, for this purpose consultations to launch other mechanisms are underway.
“We do not have specific information about this. We are discussing the issue with the National Banks, and several possible tools are being considered. The regulator is aware that the financial sector needs support, but it’s hard to say exactly what will be done. The first step is to reduce the percentage of the refinancing rate from 9% to 8.5%, ”he concludes.