Interest rates won't come down to 2 or 3 percent- Saud Minam

Interest rates won't come down to 2 or 3 percent- Saud Minam

By Shanil Singh
19/07/2020
ANZ Country Head and Association of Banks Board member Saud Minam

ANZ Country Head and Association of Banks Board member Saud Minam says expecting interest rates to be reduced to as low as 2 or 3 percent is not possible.

Minam highlighted this when asked what is his prediction for interest rates in Fiji in the next three years at the Fiji Commerce and Employers Federation Symposium.

He says there may be a reduction in the near future but going forward the interest rates are likely to hover around the range where it is right now.

He says they will continue to look into it in terms of the cost of funds and as and when the cost of funds come down.

Minam says we have to understand that not only customer risk but portfolio risk and country risk is associated with it.

FEATURE NEWS
Chaudhry says Speight’s coup had less to do with iTaukei rights and more to do with power, greed, and Fiji’s mahogany plantation
As today marks the 25th year since the May 19th coup led by George Speight, the Prime Minister at the time, Mahendra Chaudhry says Speight’s motive ...
10 hours ago
LATEST NEWS
May 19th 2000 coup was one of the darkest times in Fiji’s history - Ali
Fiji Women’s Crisis Centre Coordinator, Shamima Ali says the May 19th 2000 coup was one of the darkest times in Fiji’s history and in the ...
10 hours ago

Fiji’s National Action Plan to prevent violence against women and girls discussed during Naivalurua’s visit to FWCC
Minister for Policing, Ioane Naivalurua paid a courtesy call to the Fiji Women's Crisis Centre today where they discussed challenges with the Police, ...
10 hours ago

Man and woman charged with murder after woman allegedly assaulted to death in Nausori
A man who, along with a woman, allegedly assaulted his partner to death will appear in the Nausori Magistrates Court today. Police say the woman, ...
14 hours ago

Ratu Sukuna's legacy inspires renewed focus on iTaukei traditions - Toganivalu
It is very important for the iTaukei to know their identity, roots, culture, and traditions. The Deputy CEO of the iTaukei Affairs Board, Josefa ...
14 hours ago

No major recovery of fentanyl - FRCS
No major recovery of fentanyl has been recorded in Fiji, however, this remains on the Fiji Revenue Customs Service radar as it has been proliferating ...
14 hours ago



fijivillage Straight Talk with Vijay Narayan
Latest Videos

Stay tuned for the latest news on our radio stations

CFL radio frequencies
IN DEPTH

Tragedy at PRB Flats: Couple found dead in suspected murder-suicide in April
A couple were found dead at the new Lagilagi Public Rental Board Flats today and it is alleged at this stage that it was a murder suicide case on ...
15 days ago

Tevita Ikanivere on fijivillage Straight Talk With Vijay Narayan
The show focuses on Ikanivere’s journey, his family, career and how far the Drua has ...
27 days ago

TOP