PM expects banks to implement single digit interest rate

Prime minister Sheikh Hasina on Monday expressed hope that the banks will implement the single digit interest rate from April for the sake of the speedy industrialisation and investment.

The premier expressed such hope when a delegation of Bangladesh Association of Banks (BAB), led by its president Nazrul Islam Mazumder, met her at her official Ganabhaban residence this evening.
The BAB leaders handed over cheques for Taka 2.25 billion to the prime minister as donation to the Father of the Nation Bangabandhu Sheikh Mujibur Rahman Memorial Trust marking the birth centenary celebration of Bangabandhu.
Speaking on the occasion, the prime minister said, “I don’t want to repeat what you’ve said already. I hope that the single digit interest rate will be implemented. If not, there won’t be desired investment in the country while trend of investment will also be in peril,”
Sheikh Hasina went on saying, “I’ve fulfilled all that you’ve (BAB) demanded earlier, but you didn’t live up to your commitment. I hope this time there won’t be any breach of commitment, and hope you’ll implement it.”
Earlier, BAB president Nazrul said that they would implement the single digit interest rate from the first of April.
Finance Minister AHM Mustafa Kamal was present.