BoB holds bank rate at 5%
Tuesday, February 13, 2018
For consumers, the decision means those with existing bank loans will neither pay more or less than they are currently, for their repayments. For banks, the decision maintains the margins they are currently operating on.
The bank rate, exclusively managed by the BoB, underpins all other interest rates within the market and any adjustment to it affects indicators such as the prime rate, the deposit rate and others.
The Ministry of Agriculture, local producers, retailers, and industry associations must work together to overcome the obstacles hindering vegetable production and distribution.This collaborative approach is essential to improve the availability, quality, and affordability of vegetables in the market.Firstly, the Ministry of Agriculture should provide support and guidance to local farmers to enhance their productivity and efficiency. This could...