BB body sees hurdles to implement single-digit interest rates
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Dhaka, Bangladesh, Jan. 22 -- The Bangladesh Bank (BB)-formed committee has submitted its report to the governor, mentioning some challenges for bringing down interest rates on both lending and deposit to single-digit from the existing level.
Talking to the BBN, a committee member said they have already submitted their report to the central bank governor for his consideration.
The committee has mentioned some challenges that might surface following implementation of 9.0 per cent interest rate on all types of loans, excepting credit cards.
"The central bank should remain alert to face such possible challenges," the committee member said without elaborating.
Earlier, the committee was reassigned the responsibility of preparing a fresh r...
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