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{
    "id": 41793,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/41793/?format=api",
    "text_counter": 173,
    "type": "other",
    "speaker_name": "",
    "speaker_title": "",
    "speaker": null,
    "content": "Mr. Speaker, Sir, while we have made great strides to deepen our financial sector, commercial lending rates remain persistently high. In response to a directive from His Excellency the President, we are co-ordinating a number of measures to address the root cause of this problem and the constraints in the industry responsible for high lending rates. These include amongst other things the inter-bank markets; increasing disclosures of information on bank rates performance and productivity; and aligning pricing of Government bonds to reference rates used by banks. We are encouraging banks to share information to gain economies of scale and to reduce overheads through increased use of"
}