It would be nice while the banks take care of a reduction in the interest rates on loans, attention is given to the IR spread as well. Sometimes people prefer to leave their money in savings accounts purely because they don’t want to misuse it yet not enough to invest in some income making investment. It is then, only fair, in order to discourage misuse and encourage deposits the banks offer better rates. That way the banks will see more deposits rather than the youth spending unnecessarily and particularly on entertainment and clothing…..Sometimes discipline requires some incentive of some sort.
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