PM asks banks to bring down interest rate to single digit

BSS . Dhaka | Update:

Prime minister Sheikh Hasina receives donation for her Relief and Welfare Fund from the Bangladesh Association of Banks (BAB) at Ganabhaban in the capital this afternoon. Photo : PIDPrime minister Sheikh Hasina on Friday asked the bank authorities to bring down interest rate to a single digit to expedite the country's investment.

"I would like to tell you to cut interest rate, otherwise investment is not possible in the country ... it must be brought down to a single digit," she said while receiving donation for her Relief and Welfare Fund from the Bangladesh Association of Banks (BAB) at Ganabhaban in the capital this afternoon.

The premier added: "You'll be benefitted if the interest rate is reduced to a single digit ... the people will be more interested in working with the banks."

 Read more : Bank interest rates to be single digit in one month: Muhith

The prime minister urged the bank authorities to keep up their promise by cutting the interest rate. "We've solved all problems that you raised ... now you'll have to keep your commitment," she said.

BAB chairman Nazrul Islam Mazumder also spoke on the occasion.

The banks under the BAB donated Tk 1630 million to the prime minister's relief and welfare fund.

Read more : Banks facing intensified liquidity crisis

   
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