To coerce repayment, more than 92% of MFBs, 85.3% of commercial banks, and 70.96% of SACCOs resortedtoenacting penalties on late repayments. Other methods like lower interest rates on subsequent loans and interest rebates remain diminutive. “Loan rescheduling was used by 80.3 per cent of fi...
•••• "With interest rates on loans so low right now, would I rather sell some investments I have and give up the return on those, or would I rather get a loan?" Tim Steffen, director of financial planning at Robert W. Baird & Co., said in a phone interview. "And he'...
Turning to monetary policy, Jordan said that while interest rates were the SNB's main policy tool, it was also ready to intervene in foreign currency markets if necessary. He was relaxed about inflation, which the SNB has forecast to be around 1% in the medium term. "It's importa...