BB fixes 9.0pc interest rate on import of nine essentials

The Bangladesh Bank (BB) has fixed maximum 9 per cent interest rate on the import of nine essential commodities for keeping the prices of the commodities at tolerable level during the holy month of Ramadan.

The essential commodities are edible oil, chickpeas, lentil, dun peas, onion, spices, dates, fruits and sugar, according to a BB circular issued on Monday, reports BSS.

The new interest rate will be effective from now on, the central bank added.

The central bank expected that the prices of all nine commodities will go down in the local markets before the month of Ramadan.