The Chinese envoy says the agreement would ease the way for Bangladeshi exports and reduce the trade deficit between the countries
In an executive order on Thursday, the central bank said the move aims to promote growth in the real estate sector by encouraging the banks to participate in housing finance.
It issued the order with retroactive effect from Dec 31 last year.
A central bank official said, “The rate has been lowered so that the banks can invest more in housing sector. This will bolster the sector and others related to it.”