Bankers Won’t Cut Interest Rates Because Central Bank Says So

05.15.2013 By Ciprian Botea

Steven van Groningen, chief executive of Raiffeisen Bank, says loan interest rates will be gradually cut, but the cuts will be made depending on market conditions, not because somebody ordered it. This is in answer to central bank governor Mugur Isarescu’s demand last week that bankers make loans cheaper.

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Keywords:
banks
, loans
, interest rates
, central bank