It’s hard to develop without industrial production
Editor, Our economy in Rwanda needs lots of credit not only for production but also to stimulate demand. The Central Bank is too concerned with fixing inflation to bother about growth.
Wednesday, June 11, 2014
Editor,
REFER TO Adair Turner’s article, "The great credit mistake and how to fix it” (The New Times, June 10).
Our economy in Rwanda needs lots of credit not only for production but also to stimulate demand. The Central Bank is too concerned with fixing inflation to bother about growth.
We cannot grow without production or credit to invest our productive ideas.
There just isn’t enough credit to cover the convertible collateral in our economy. Even lending at interest rates twice the existing ones is ok. This might be the way out to stimulate lending.
Damas, Rwanda