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Publish: 20:19, 01 Feb, 2023

Bangladesh Bank raises interest rate for loans from EDF

Online Desk
Bangladesh Bank raises interest rate for loans from EDF

Bangladesh Bank has raised the interest rate on loans made from its Export Development Fund (EDF) by 50 percentage points.

"It has been decided that interest rate on EDF loans to ADs will be charged by Bangladesh Bank at 3 per cent pa, while ADs will charge interest to manufacturer-exporters at 4.50 per cent pa, for disbursements until further instructions," said a BB circular issued on Wednesday.

Other relevant instructions on EDF shall remain unchanged, it added.

Bd-pratidin English/Golam Rosul

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