Slashing down interest rates

Despite assurance of bringing down interest rate to a single digit, from the highest level of the government, businessmen and customers general are yet to see its results. The higher rate of interest discourages entrepreneurs and investors from taking loans to set up industries since the double-digit rates make cost of doing business high. The Bangladesh Bank should come up with effective measure to lower the interest rates. Lowering interest rates will encourage new investment. Thus, any positive move to lower interest rate will be a win-win situation for the banks and the investors.
Sojol Chowdhury
Badda, Dhaka