Now that there is sufficient space for the registered finance companies and specialized leasing companies to reduce their lending rates, the Central Bank (CB) expects them to make a commensurate downward adjustment in lending rates, over the coming weeks.

Such a reduction would benefit entrepreneurs in industry, services and agriculture sectors, in particular small and medium scale businesses. At the same time, the leasing, hire purchase and other lending volumes of registered finance companies and specialized leasing companies would increase as a result, thereby contributing to improve economic activities in the country, states the CB.