Bangladesh Bank is unlikely to lift the interest rate cap on bank loans anytime soon, BB Governor Abdur Rouf Talukder said today.

The Bangladesh Bank today raised the interest rate on the loans made from its Export Development Fund (EDF) by 50 per cent with a view to making borrowing costlier and thus saving foreign currencies.

Bangladesh Bank today raised its key interest rate, also known as the policy rate, by 50 basis points to 5.50 per cent, a move that would make funds costlier for banks.