Venezuela preparing interest rate measures

Venezuela's central bank is considering measures to limit the spread between commercial banks' lending and deposit interest rates, as part of a new banking law being drafted for decree by President Hugo Chavez.

Central bank director Armando Leon said last week that banks were not doing enough to reduce lending rates in line with the declining inflation rate, or lift deposit rates, and could therefore fix rates. But the central bank is also evaluating the possibility of imposing a limit on the