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BB may resume housing refinance scheme next year

  • Published at 03:18 am May 21st, 2013
BB may resume housing refinance scheme next year

 

Bangladesh Bank would consider resuming its ‘Housing Refinance Scheme’ next year subject to falling the rate of inflation to an affordable level.

“We’re not thinking of launching the scheme right now considering the inflation situation,” Deputy Governor SK Sur Chowdhury told reporters, after a meeting with a delegation of Real Estate and Housing Association of Bangladesh at the central bank headquarters in Dhaka on Monday.

He said Bangladesh Bank would consider relaunching the scheme in July next year if the rate of inflation comes down to an acceptable level.

A 6-member REHAB delegation, led by Joint Secretary Md Wahiduzzaman, attended the meeting, with BB Governor Dr Atiur Rahman in the chair.

The delegation demanded formation of a fund of Tk15bn, but the central bank expressed their inability to form such fund right now.