Govt must stop killer bank rates

webmaster Letters, Normal
Source:

The National, Friday 13th of February 2015

 LENDING interest rates in commercial banks and financial organisations are unbearable. 

We badly need the Independent Consumer and Competition Commission and the Bank of PNG to open their eyes and regulate them. 

Banks and financial organisations are charging almost 50% interest rates, but no state authority is doing anything about it. 

The government is still killing its small people in many ways, with high income tax, GST and unregulated pricing. 

 

Victim 

NCD