Bangladesh’s central bank raises interest for safety retrofit facility

Bangladesh Bank issued a notice raising interest rate on a pre-finance facility under SREUP to 7 per cent from 5 per cent.
Interest rate for customers for whom loans have already been sanctioned will remain at 5 per cent per annum.
Interest rate for financial institutions which would disburse loan among customers has been refixed at 4.5 per cent per annum.

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