Traders to Protest High Interest Rates – KACITA

The failure by local Commercial Banks to reduceinterest rates has had a great impact on the economy. Many businesses according to Professor Augustus Nuwagaba are closing due to failure to repay their loans. But many are wondering why commercial banks do not sneeze even when the central bank reduced lending rates to 9.5 percent. Nabakooza Lydia has the details of the story.