Dr. A B Mirza Md. Azizul Islam, Former Advisor, Caretaker Government :
Cutting the interest rates 
of saving certificates right before the election will not bring any significant changes to the country’s economy. It will remain in the state that it currently is in.
The government has been collecting a higher interest rate due to the excess wealth accumulation in this sector. That is because the state has been taking loans from the public through selling savings certificates. As a result, it has to pay excess interest rates. Therefore, I think that reducing savings certificate interest rates is necessary.
This excess wealth could have been used in the stock exchange instead, but if interest rates are not reduced, this possibility will remain beyond reach. On the other hand, bank interest rates are low; the people could have used that money in the stock market instead of depositing in banks, but they do not do so. Thus, I believe that no significant change would really come.
Based on an interview by Mehedi Hasan, translated by Abrar Hussain