The CBSL has reduced policy rates to 8%, the lowest in years. However, loans that were originally issued at a lower "fixed rate," which

The CBSL has reduced policy rates to 8%, the lowest in years. However, loans that were originally issued at a lower "fixed rate," which were unprecedentedly adjusted to higher interest rates, are still being kept at those higher rates despite the significant drop in policy rates.

⭕️At the same time, banks are reporting record profits, benefiting from these unfair practices at the expense of regular citizens. The silence from the gov and CBSL on this issue is deeply concerning.