The Bangladesh Association of Banks (BAB) has sought assistance from the central bank to implement its proposed lower interest rates on lending and deposit within the timeframe.
The appeal was made at a meeting with the Bangladesh Bank (BB) high-ups held at the central bank headquarters in Dhaka Thursday with BB Governor Fazle Kabir in the chair.
A 13-member BAB delegation, led by its chairman Nazrul Islam Mazumder, attended the meeting, a BB official said.
The BAB leaders informed about their Wednesday’s decisions formally to the central bank officials and sought all sorts of cooperation in lowering the interest rates.
“Of course, we’ve sought help from the BB for implementation of our decisions,” the BAB chief told the FE after the meeting.
On Wednesday, the BAB decided to bring down the interest rates on both lending and deposit at 9.0 per cent and 6.0 per cent respectively, with effect from July 01.
