DHAKA, May 6 (Xinhua) -- Market-based interest rates and exchange rates are likely to be introduced soon in Bangladesh, hinted Bangladesh Bank Governor Abdur Rouf Talukder.
"We are very close to the market-based interest rate. We will be moving very shortly into a market-based interest rate," Bangladeshi newspaper Dhaka Tribune reported Monday, citing the governor.
The governor made the remarks in a session titled "Fiscal and Monetary Policies in the Evolving Economic Order (Risks, Vulnerabilities and Solutions)" held in Dhaka. He added that the country would soon move to a market-determined exchange rate as well.
The governor also said that banks would be at liberty to fix the interest rate on a supply-demand basis. ■