Dhaka, Bangladesh (BBN) - The central bank is likely to ask the commercial banks to boost investment in different productive sectors through reducing the interest rate on lending, officials said.
The advice will be made during a bankers’ meeting to be held at the central bank Thursday afternoon with Bangladesh Bank (BB) Governor Atiur Rahman in the chair.
The central bank has taken the latest move aiming to achieve maximum economic growth by the end of this fiscal through expediting credit flow to the productive sectors.
The weighted average rates on lending came down to 12.23 per cent in February last from 12.32 per cent in the previous month while interest rates on deposit fell to 7.19 per cent from 7.26, according to the central bank statistics.
On the other hand, the weighted average spread between lending and deposit rates offered by the commercial banks came down to 5.04 in February 2015 from 5.06 per cent in the previous month.
Different issues including credit flow to the housing sector, rescheduling of loans and create a post for deputy managing director only for women in each bank are expected to be discussed at the meeting.