Rada introduces limit on interest rate for micro-credits at 1% per day Journal Staff Report
The Verkhovna Rada adopted as a basis draft law No. 9422 developed by the National Bank on improving state regulation of financial services markets, which, in particular, introduces a limit on the microcredit rate at 1% per day. “The bill proposes to limit the maximum rate to 1% per day (today it can be 2-3% or more),” said Yaroslav Zhelezniak, first deputy head of the committee on finance, taxation and customs policy, on Telegram. According to him, the corresponding decision was supported by 243 MPs at a plenary meeting on Thursday.
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