The FSC will increase support and accessibility to free legal representation for debtors, as well as strengthen coordination with investigative authorities.
April 24, 2021The FSC will introduce new monetary sanctions and strengthen supervision on loan agreements to prevent predatory lending.
April 7, 2021Policymakers said on Friday that monetary policies should make full use of RRR cuts, interest rate reductions and relending, indicating a shifting stance after GDP shrank 6.8% in Q1.
April 21, 2020Finance Minister AHM Mustafa Kamal says banks have a final deadline of 1 April to bring down the maximum lending rate to 9% and the maximum deposit rate to 6%.
January 7, 2020Eight banks will be penalised for failure to lower lending rates by a 27 December 2019 deadline set by the central bank in September last year, intended to ensure the public benefits from monetary policy decisions.
January 7, 2020PBOC governor Yi Gang has suggested discontinuing benchmark lending rate announcements to study the resulting loan rate trends, as a possible step towards market-based rates.
May 30, 2019