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feb 25, 2004 - Interest rate ceiling abolished

Description:

The 1990s-2000s saw interest rate ceilings on loans granted flexibility allowing market forces to determine their value. Furthermore, 2004 brought the abolishment of ceilings and a floor was set to 0.9 of the market benchmark.

Added to timeline:

26 Nov 2017
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Date:

feb 25, 2004
Now
~ 21 years ago