Business

“Businesses will find the central bank’s move of the market-based interest rates painful as the cost of borrowing will rise. But the policies have been taken in the right direction,” Mustafizur Rahman, a distinguished fellow of the Centre for Policy Dialogue (CPD), said today. He shared the view after the Bangladesh Bank took three major…

After a gap of four years, the banking sector in Bangladesh has returned to a market-driven interest rate regime at the prescription of the International Monetary Fund (IMF), in order to step up its fight against elevated level of inflation.The central bank also raised the policy rate by 50 basis points to 8.5 percent, aiming…