News update
  • Dhaka’s air quality ‘unhealthy’ 5th worst in world Saturday     |     
  • Dhaka’s air recorded unhealthy on Friday morning     |     
  • Teesta activists announce ‘Silent Rangpur’ campaign in 5 districts     |     
  • Ceasefire Offers Lifeline, but Gaza Hospitals in Ruins     |     
  • Christensen calls next election most consequential in decades     |     
  1. Home
  2. Banking
  3. BB lifts deposit-rate cap

BB lifts deposit-rate cap

News Desk Banking 2023-12-13, 3:16pm

bb-21ad0bd836b90d08f4cf640b4c298e7c1702459009.jpg

Bangladesh Bank (BB) has lifted the interest-rate cap to unshackle bankers.



Bangladesh Bank (BB) has lifted the interest-rate cap to unshackle bankers for collecting deposits of three months and above, thus making the interest regime market-based.

The central bank now did it as the interest rate on lending has already been made market-based, according to a BB circular issued on Tuesday.