Bangladesh Bank May Partially Lift Interest Rate Cap

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Recently Bangladesh Bank (BB) governor, Abdur Rouf Talukder, met IMF vice-president to discuss at length Bangladesh’s request to get USD 4.5bn loan for forex reserve and budget support. Meanwhile, a delegation from the IMF will arrive in Dhaka next week to start negotiations on the requested loan. IMF has sought several reforms and one of them is lifting lending rate cap. Several newspapers have stated that BB is considering partially lifting interest rate cap, initially on consumer loan.

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