Thursday, July 3
Cut consumer interest rates in half, to 12-13%. “
Monday, September 2, 2019
Cut consumer interest rates in half, to 12-13%. “We need cheap money in the economy,” he says.“We know how to do it.” He calls for the working “in partnership” with the central bank, which already has set a goal of cutting prime in half, to 9% at the end of next year. A key to bolstering the property rights of banks, he says. “We have very expensive money because…we have a total of mistrust in each other: banks and borrowers.”
