17:55 - 16.06.2023
June 16, Fineko/abc.az. High interest rates on loans lead to increased costs for both businesses and consumers taking out a loan. In this regard, it is extremely important to carry out more systematic activities to reduce credit interest.
ABC.AZ reports that Vugar Bayramov, a member of the Parliamentary Committee on Economic Policy, Industry & Entrepreneurship, stated about this, when explaining the causes of high interest rates on loans.
He noted that the steps taken in this direction have not yet led to significant reduction in interest rates.
"The expectation is that expansion of the Central Bank's systemic activity in this direction, especially at the end of 2023, may lead to decrease in interest rates on loans, including consumer loans, in 2024," Bayramov believes.
