According to reputed daily newspapers, Bangladesh Bank (BB) will set six-month moving average rate for 182-days treasury bills as reference rate for fixing lending rate of banks from Jul’23 and banks can add 3.0 percentage points to reference rate when charging interest rate on loans.

For instance, as of now, six-month moving average rate for 182-days treasury bills is ~6.98% and based on this rate and 3.0 percentage points spread over the reference rate, banks’ lending rate should be capped at 9.98%.