The cost of borrowing will remain relatively high unless Rwandans - TopicsExpress

The cost of borrowing will remain relatively high unless Rwandans learn to keep billions of francs stashed away in homes with commercial banks, the central bank has warned. John Rwangombwa, the governor of the National Bank of Rwanda (BNR), said that even after lowering the key repo rate to boost lending to the private sector, interest rates on commercial loans had not reduced significantly because customers deposits—the main source of cheaper funds for commercial banks—remain low. newtimes.co.rw/news/index.php?i=15632&a=74479

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