Interest rates will go down when the economy goes up

Interest on loans and deposits will fall when the economy starts to grow steadily. Said Mr. Hampartzoumian by the Association of Banks in Bulgaria. In his words, however, interest will be returned to the levels before the economic crisis. Although some banks have started to offer lower rates for new or loans, according to Mr. Hampartzoumian this is still not sustainable trend. „Reduces the interest on new kriditi. Old what to do to throw you on the cape? These conditions for new loans – it simply means „Come, we will give you half a percent less, or something that is not serious,“ said Hampartzoumian. „The interest will go down when we have stable trends for economic recovery and growth of the economy for one or two quarters. Then we can expect that interest rates both on deposits and credits will have a tendency to decrease, „said Mr. Hampartzoumian.

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Finance

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