Dhaka, Bangladesh, Dec. 24 -- The central bank of Bangladesh is set to issue a circular on single-digit interest rate on industrial loans after getting approval from its board of directors, officials said.

A draft of the circular is expected to be placed in a meeting of the Bangladesh Bank (BB) board of directors, scheduled to be held at the BB headquarters in the capital Dhaka on Tuesday afternoon.

Talking to the BBN, a BB senior executive said the central bank will issue the circular after approval by its board of directors.

The draft of notification has prepared in line with the BB-formed committee's recommendations, he added.

On December 12, the high-powered committee submitted its report to the governor with recommendation that o...