The failure to tame inflation not only imposes a steep tax on the poor and the middle class, it also erodes economic competitiveness.
Latest figures show how persistent the problem has been
Leniency towards habitual defaulters led to this situation
The actual share of NPLs in total loans would have crossed 20 percent had BB not loosened the definition.
The failure to tame inflation not only imposes a steep tax on the poor and the middle class, it also erodes economic competitiveness.
Latest figures show how persistent the problem has been
Leniency towards habitual defaulters led to this situation
The actual share of NPLs in total loans would have crossed 20 percent had BB not loosened the definition.
