BB cuts rate for onion import
Thursday, 27 August 2015
Bangladesh Bank (BB) on Thursday slashed interest rate on bank loans for onion import to 11.0 per cent from the existing 12.0 per cent.
The lower rate will remain effective till December 31, a BB circular issued Thursday.
Onion became dearer on the market due to supply shortfall and higher prices in the exporting countries, including in India.
-SS