Rising interest rates to fuel defaults

From Face of Malawi Wed Dec 12 2012, 01:21:07

Investment management and advisory firm, Nico Asset Managers says the high costs of borrowing triggered by last week's upward adjustment of bank rate could fuel defaults among the lending public. The Reserve Bank of Malawi (RBM) last week raised the rate of interest which a central bank charges on the loans and advances to a [...]

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