In response to broader policy adjustments, commercial banks have lowered their deposit interest rates. This shift follows the Bangladesh Bank's recent move to reduce the policy rate from 10% to 9.50% for the first time in nearly two years. Additionally, banks are now enforcing caps on interest rate spreads.
Economy
Banks lower deposit rates further below inflation
Following the central bank's policy rate cut, commercial banks have reduced deposit returns, pushing them further below the inflation rate.
Source: TBS Bangladesh