Bangladesh Bank Governor Dr Ahsan H. Mansur has assured that the lending rate will be brought down to a single digit in the upcoming monetary policy.

He gave the assurance on Thursday (Oct 9) during a meeting with 14 business forums, including BGMEA, BKMEA, BTMA, BARVIDA and FBCCI.

During the meeting, business representatives demanded the formation of a special fund to ensure sufficient working capital.  

They also urged an extension of the committee’s tenure for restructuring the businesses and financial systems of affected borrowers, along with resolving banking-related challenges in the export sector.

The Governor reaffirmed that the ongoing support for SMEs will continue. “In the next monetary policy, the lending rate will be set at a single digit,” he said.