Central Bank to inject another $1 billion stimulus. New modified package will be launched next week

Next week the Central Bank (BDL) is scheduled to launch a new stimulus package of around $1 billion to subsidize housing loans and loans provided to the productive sectors, according to Wael Hamdan, Head of BDL's Financing Unit.

There will be some modifications to the new package but they are not major changes, Hamdan said. Interest rates will be raised slightly. The Public Corporation for Housing (PCH) will have the lion's share of this support, according to Hamdan. Banque de l'Habitat ...

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