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Despite efforts by monetary authorities to ensure a declining interest rates regime there seems to be upward pressure.
Average Weighted Prime Lending Rate of 12 banks higher last week in comparison to early January
Average Prime Lending Rates (AWPR) of commercial banks between last week and early January, rates of at least 12 banks have increased and only eight have reported declines whilst there was no change by two others.
The increase is among top lenders such as Bank of Ceylon, Commercial, HNB and Sampath whilst People’s Bank and HSBC figure among whose AWPR had declined.
Shouldn't this be ideally put down to encourage investors?
Is this million talks thousand work?
http://colombostockwatch.com/2011/07/lending-rates-heading-north/
Average Weighted Prime Lending Rate of 12 banks higher last week in comparison to early January
Average Prime Lending Rates (AWPR) of commercial banks between last week and early January, rates of at least 12 banks have increased and only eight have reported declines whilst there was no change by two others.
The increase is among top lenders such as Bank of Ceylon, Commercial, HNB and Sampath whilst People’s Bank and HSBC figure among whose AWPR had declined.
Shouldn't this be ideally put down to encourage investors?
Is this million talks thousand work?
http://colombostockwatch.com/2011/07/lending-rates-heading-north/
