Bangladesh Bank sees two challenges in the economy

Bangladesh Bank sees two challenges in the economy

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Secondly, the policy interest rate will be increased by 50 basis points to 8.5 percent from the current 8 percent.

Third, the six-month moving average rate treasury bill (SMART) system currently used to determine loan interest rates will be abolished.

Instead, banks and financial institutions will set interest rates based on market demand, supply dynamics, and bank-customer relationships.

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