The move is designed to revive the property market. Last week banks were also directed to adjust how they set deposit rates.
May 17, 2022The time taken to pass on announced interest rate reductions to customers varied across the big four banks, with revenue being a key motivator. CBA consistently had the longest lag period.
April 27, 2020Bangladesh Bank has instructed banks to set a maximum 9 percent interest rate on all loan products except credit cards by 1 April.
February 26, 2020