Economic Reporter :
The scheduled banks cut rates of interest on lending again in September as the businesspeople continued to show reluctance in receiving loans from the banking sector due to sluggish business.
The scheduled banks cut rates of interest on lending again in September as the businesspeople continued to show reluctance in receiving loans from the banking sector due to sluggish business caused by longstanding political uncertainty, said officials of Bangladesh Bank.
The weighted average interest rate on lending in the banking sector declined to 11.48 percentage points in September from 11.51 percentage points in August of 2015, according to the latest BB data.
