Central bank raises interest rate for loans from EDF

Published: February 01, 2023 20:11:22 | Updated: February 02, 2023 08:42:14

Bangladesh Bank (BB) has raised the interest rate on loans made from its Export Development Fund (EDF).

"It has been decided that interest rate on EDF loans to ADs will be charged by Bangladesh Bank at 3 per cent, while ADs will charge interest to manufacturer-exporters at 4.50 per cent, for disbursements until further instructions," reports BSS citing a BB circular issued on Wednesday.

Other relevant instructions on EDF shall remain unchanged.