The interest rate is difficult to fall into single digits: Finance Minister

Replying to a question from journalists after the meeting of the Cabinet Committee on Public Procurement in the Secretariat, the Finance Minister said this.
The interest rate of all the bank loans has not yet been reduced to one digit- when journalists told the finance minister, he said, 'yes, it is not rightly named. But the job is very difficult. I felt as soon as I said, the task can be done as fast as possible. But it was not possible early.
Asked about the reduction in interest rates by the public sector banks and the public sector banks, the finance minister said, "I do not know. It's a matter of their business. '
Muhith said if new interest rates have been implemented by some banks and some banks have not yet done this, then it will not cause any disorder in the bank sector. The Bangladesh Bank will look after the matter.
The chairman of the private banks' Association of Bangladesh Association of Banks (BAB) pledged to bring the interest rate on industrial loans to one digit on June 20. The organization also decided to reduce the interest rate on deposits of at least three months to 6 percent. New rates will be effective from 1st July.
It is learned from the banks that management authorities have been hit by the hasty decision. Because, banks are not getting deposits at a single interest rate.