The monetary measures of the central bank would ensure banks to get loans from the central bank at lower rate, and boost their liquidity for cut in CRR, experts said. “The latest actions from the central bank will enhance banks’ lending capacity at cheaper interest rates to invigorate the struggling economy caused by the coronavirus outbreak,” a senior investment banker said. The central bank issued separate circulars to the managing directors and CEOs of all scheduled banks in the country in this regard. The new repo rate will be implemented from Tuesday, while the revised CRR rate from April 1, says the circulars. “This is a good decision taken by the central bank.

Source: Dhaka Tribune March 23, 2020 18:33 UTC