FBCCI for cut in lending rates

Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) yesterday demanded cut in lending rates to help make trade and businesses more competitive on the global market, reports BSS.
Commenting on the Monetary Policy Statement (MPS) of Bangladesh Bank (BB) announced last Thursday, the country's apex chamber-body said that the central bank maintained its previous policy stance to contain inflation.
In a statement, the FBCCI said BB should address some major issues including lowering interest rate of loans, increasing credit flow to private sector and disbursing adequate loans to productive sectors to implement the MPS towards attaining inclusive growth.
The FBCCI demanded that the interest rates should be the bank's cost of fund plus 2.5 per cent, meaning banks would require slashing the spread further (gap between deposit and lending rate).

FBCCI for cut in lending rates

Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) yesterday demanded cut in lending rates to help make trade and businesses more competitive on the global market, reports BSS. Commenting on the Monetary Policy Statement (MPS) of Bangladesh Bank (BB) announced last Thursday, the countrys apex chamber-body said that the central bank maintained its previous policy stance to contain inflation. In a statement, the FBCCI said BB should address some major issues including lowering interest rate of loans, increasing credit flow to private sector and disbursing adequate loans to productive sectors to implement the MPS towards attaining inclusive growth. The FBCCI demanded that the interest rates should be the banks cost of fund plus 2.5 per cent, meaning banks would require slashing the spread further (gap between deposit and lending rate).