Interbank lending rate goes past 9% cap for liquidity crunch

The Daily Star – AKM Zamir Uddin

Cash-strapped banks are borrowing from cash-rich lenders paying more than 9 per cent in interest rate, which is above a cap set by the central bank, as an unprecedented liquidity crunch has hit the banking sector of Bangladesh. 
Some lenders have recently faced a cash reserve ratio (CRR) shortage, forcing them to secure funds at a higher interest rate from others.Read more on The Daily Star

Author: apdimcion

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