Dhaka, Bangladesh, Aug. 5 -- The central bank of Bangladesh will issue a directive immediately capping the interest rates on deposits and lending at 6.0 per cent and 9.0 percent respectively, Finance Minister A H M Mustafa Kamal said on Sunday.

"The Bangladesh Bank (BB) will issue a circular in this connection immediately," the finance minister said while replying to a query at a briefing at the central bank headquarters in Dhaka.

The briefing held following his meeting with the chairmen and managing directors of the country's private commercial banks (PCBs).

Sixteen banks including seven state-owned banks and nine PCBs have already brought down their interest rates on lending to single digit, according to the ministry.

He also said t...