Banks can now fix interest rate of their credit cards, Bangladesh Bank (BB) said today after allowing the lenders to charge up to 12 per cent interest on consumer credit.
The central bank today said it is taking necessary measures to gradually move towards a market-based, flexible and unified exchange rate regime by the end of the ongoing fiscal year.
The Bangladesh Bank today raised its domestic credit growth target by 30 basis points to 18.5 per cent for the second half of 2022-23 in order to allow higher government expenditures.
Bangladesh Bank today said it would pursue a cautiously accommodative policy stance in the second half of the current fiscal year to contain inflationary and exchange rate pressures.
Bangladesh Bank today relaxed the lending rate cap for consumer loans, allowing banks to hike it up to 3 percentage points from the current level.
Bangladesh Bank has raised its policy rates by 25 basis points as it unveiled the monetary policy for the second half of the ongoing fiscal year.
Bangladesh Bank is going to unveil the monetary policy for the January-June period of the fiscal year 2022-23 this afternoon and return to the half-yearly policy after discontinuing it for three years.
Bangladesh Bank (BB) should remove the interest cap on lending in its upcoming monetary policy to control the persisting high inflation, said Ahsan H Mansur, executive director of the Policy Research Institute of Bangladesh.