Given that the banking sector was supported by citizens, the interest rate increase should be shared equally between banks and the borrower, the EPP said in a statement.
It explains that 'due to the increase in the interest rate, borrowers' instalments have increased, resulting in a burden on the family budget and the degree of difficulty of households to cope with daily needs'.
"Because it is the citizens who supported the banking sector, it is necessary that the increase in the interest rate, where and when applied, be shared equally between the banks and the borrower," the EPP stresses.
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