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POST TIME: 22 July, 2019 00:00 00 AM
No pressure from BB to lower interest rates: ABB chief
UNB, Dhaka

No pressure from BB to lower interest rates: ABB chief

Chairman of the Association of Bankers, Bangladesh (ABB) Syed Mahbubur Rahman claimed that there is no pressure from the central bank to lower the interest rates in banking sector to in between 6 and 9 per cent. He made the claim after a meeting of the CEOs of different commercial banks with Bangladesh Bank Governor Fazle Kabir yesterday. Last year, the central bank instructed all the banks to set interest rate on lending to 9 per cent and that on deposit to 6 per cent following government's declaration on cutting corporate tax in banking sector.