Governor’s big assurance to traders about loan interest rates

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Governor’s big assurance to traders about loan interest rates

Bangladesh Bank Governor Ahsan H Mansoor said that there is nothing for businessmen to worry about the increase in interest rates on loans. He said, the decision to increase the interest rate is taken into consideration inflation and other economic indicators and the next decision may be taken based on these indicators next month.

The governor said these things during a personal visit to Juri Upazila of Moulvibazar. He said that the increase in interest rates may create some challenges for traders, but in the experience of the whole world, it takes 12-18 months to deal with such a situation.

The governor also said, ‘everything has to be controlled step by step and this step is being taken in line with the market demand and inflation.’ He pointed out that the rupee value against the dollar is currently stable and despite the increase in the price of rice, Bangladesh has enough rice reserves.

Besides, cases against bank robbers are ongoing at the international level and steps will be taken to restore weak banks, said Ahsan H Mansoor.

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