Dhaka, March 7 -- Commercial banks will now borrow funds at a unified rate by using repo instrument as the central bank is eliminating the existing differentials in lending to the lenders.

The country's scheduled banks currently get liquidity feeding from the Bangladesh Bank against repo using three windows: 7-day, 14-day and 28-day-tenure instruments at varied rates.

As part of the wrap-up decision, the central bank will only charge the policy or repo rate--now 10 per cent--for the borrowed funds from March 9 (tomorrow), whatever the tenure is.

The decision comes following a 50-basis-point cut in daily CRR (cash reserve ratio) maintenance requirement for the banks to ease liquidity pressure in the wake of BB's move to phase out 28-day...