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Bangladesh Bank Directs Commercial Banks to Reduce Interest Rates


Bangladesh Bank has asked the scheduled commercial banks to reduce the interest rates at reasonable levels within June and warned them of stern actions if they fail to comply with the directive.

Deputy Governor of the central bank Nazrul Huda told reporters at a briefing that if the commercial banks fail to act accordingly, the banks may also face denial of permission to open new branches including branches to handle foreign remittances.

Zahurul Alam has more on the story.

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