PETALING JAYA: Various quarters are backing the call by Deputy Finance Minister Datuk Donald Lim to lower credit card interest rates but at the same time feel it would be more effective to reduce the escalating household debt by limiting the number of cards a consumer can have as well as the credit limit for cards.
At the same time, banks are of the view that the current interest rates need not be lowered as it was among the lowest in the region.
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