Reducing interest rate and boosting economy

We cannot deny that high bank interest rate is hurting our industrial sector and the government must take effective steps to reduce it. The commercial banks in the name of charges take unacceptable amount of money from their customers and it is not good for business and economic activity. We have a large population and every year more and more young population is entering the job market and we need to create job opportunity for them.
Recently the prime minister said that her government is planning to reduce interest rate in single digit and I think it will be good for our country and its economy. The government must encourage local and foreign investors and ensure the security of their capital and make our country an attractive business hub like Singapore and Hong Kong. We have much to offer the world and the world is also eager to take it. I hope the government will do something concrete and improve the infrastructures, law and order and reduce corruption and red tape tangle. We have a young population who are ready to change the face of our economy and what we need to do is give them a chance.
Sajjad Hossain
Gulshan, Dhaka