Raise Deposit Rates

According to data from Bangladesh Bank, the weighted average rate on deposits offered by banks reached 4.41 percent in May, marking the highest rate in a year. Just a month earlier, the average interest rate stood at 4.38 percent.

Bangladeshi Banks Gradually Raise Deposit Rates Amid Inflation Surge

The InCAP Desk - July 26, 2023 0

In response to the stubbornly high inflation and a lack of savers' appetite, banks in Bangladesh have taken measures to gradually raise interest rates...

Tag: Raise Deposit Rates

Bangladeshi Banks Gradually Raise Deposit Rates Amid Inflation Surge