FBCCI requests BB for further cut in lending rate

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FE Report
The apex trade body of the country has urged the central bank to take necessary measures for bringing down the interest rate on lending to 11 per cent immediately from the existing level of more than 12 per cent.
A 12-member delegation of the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI), led by its President Annisul Huq, made the request at a meeting with Bangladesh Bank (BB) Governor Dr Atiur Rahman Wednesday.
They also requested that the initiative be continued to bring down the interest rate to a single digit in near future to face the global challenges.
"We've requested the BB governor to take effective measures for lowering the lending rate to 11 per cent immediately from the existing level," the FBBCI chief told the FE.
He also said the FBCCI also requested the BB governor to bring different bank charges and fees under a uniform system to help reduce the cost of business.