UNB, Dhaka

Despite a huge demand for money disbursement in banks ahead of Eid festival, the country’s call money market remained stable.
According to sources, the interest rate on the lending of the banks went up as much as 8 per cent on Monday.
“We borrowed about Tk 300 crore from another bank at a rate of 5.5 percent,” a senior official at the state-owned Janata Bank told UNB. He said they borrowed the money from the inter-bank money market.
The bank official said that the interest rate on the lending might go up maximum to a level of 10 percent as the money market remains stable. [Read More]

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Source: The New Nation