The Bangladesh Bank is going to launch the National Debit Card on 1 November to reduce reliance on foreign card institutions and conserve foreign currency reserves. Bangladesh Bank Spokesperson Mejbaul Haque said they are trying to launch the card on 1 November. "Preliminary pilot activities are currently underway in collaboration with eight banks," he said. He further
The 9% lending rate cap on corporate and industrial loans will not be lifted, the central bank said on Monday at a meeting with the country's leading business owners. Traders sought dollar support from the reserve for their import payment at the meeting, but the Bangladesh Bank high-ups did not provide any assurance on the request.