NewsWhore
02-18-2010, 05:50 PM
Economist Henri Hebrard says that anyone who is taking on loans should be aware that the days of low interest rates could soon be over. He said that rates have been going up and all indications show that they will continue to increase. The executive director of the French Chamber of Commerce in the DR warned that active interest rates have increased from 13.16 to 14.40%. He said the pressure has come from the government's increasing loan taking and its effect on the GDP.
Recently, the Banco de Reservas announced 18-month financing plans for automobiles at 7.5% interest, but funds available for business and production are at the higher interest rates of more than 13%.
More... (http://www.dr1.com/index.html#3)
Recently, the Banco de Reservas announced 18-month financing plans for automobiles at 7.5% interest, but funds available for business and production are at the higher interest rates of more than 13%.
More... (http://www.dr1.com/index.html#3)