The Bangladesh Bank today scrapped the SMART formula in order to make interest rates in the banking system fully market-based
In July last year, the central bank withdrew the 9 percent lending rate cap and introduced the Six-months Moving Average Rate of Treasury bills (SMART).
The failure to tame inflation not only imposes a steep tax on the poor and the middle class, it also erodes economic competitiveness.
The Bangladesh Bank today scrapped the SMART formula in order to make interest rates in the banking system fully market-based
In July last year, the central bank withdrew the 9 percent lending rate cap and introduced the Six-months Moving Average Rate of Treasury bills (SMART).
The failure to tame inflation not only imposes a steep tax on the poor and the middle class, it also erodes economic competitiveness.
