• Sunday, November 23, 2014

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Interest Rates

Private credit rises on falling rates

Private credit rises on falling rates

Declining interest rates boosted private-sector credit growth in the past several months, but the growth still remains far below the central bank's target. Private sector credit accelerated 12.3 percent in June this year, up from 11.4 percent in the previous month and 10.8 percent in June a year ago, according to Bangladesh Bank data. Though...

Sales of savings tools soar on high interest rates

Sales of savings tools soar on high interest rates

Net sales of savings instruments rose almost 14 times in the first eleven months of the just-concluded fiscal year, as investors were lured in by government interest rates as high as 5 percentage points larger than those offered by commercial banks on term deposits.   The government sold Tk 10,018 crore worth of savings...

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