The central bank has set the highest interest at 12 percent for financing import (opening letter of credit) of edible oil, grams, pulses, peas, onions, spices and dates in a bid to keep prices bearable.

The Bangladesh Bank announced the move on Tuesday in a circular that was sent to the chief executives of all banks.

Currently, different banks charge different rates of interest for financing these essential foodstuffs. Last month the central bank determined the interest rate on bank loan at a maximum 13 percent.


Source: bdnews24