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| Thursday, 10 October 2002 |
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Business | Today's Top Story | |
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Interest rates on lending: single digit in 2003 The proposed changes in the Monetary Act aim to bring down the current
high cost of finance, a senior Government Minister said yesterday.Minister
of Rural Economy and Deputy Minister of Finance Bandula Gunawardena told
the Daily News that reducing the Central Bank mandated statutory reserve
for banks' interest rates should fall below 10% in 2003.
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