Keravnos urges banks to restructure loans and keep rates low
Cyprus Finance Minister Makis Keravnos has urged banks to restructure loans, maintain low lending rates and bank charges, and increase deposit rates in light of continued basic rate hikes by Central Banks. He warned that otherwise the government "would think differently of their intentions." In his first appearance to the Parliamentary Finance and Budgetary Committee on Monday, Keravnos said he raised the issue of rising interest rates in letters he sent to the Governor of the Central...
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