The Finance Ministry, the MFSA, the Competition Authority and the banks are discussing ways how interest rates could be more competitive for small businesses, the prime minister said this morning.

He was speaking in Mosta, where he inaugurated a new branch of Banif Bank in Constitution Street.

He said reducing such interest rates was not easy but it could happen through competition.

Dr Muscat congratulated Banif on the inauguration of its new branch in one of Malta’s main commercial centres.

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