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be included in its today’s cause-list for hearing, Barrister Suman told The Daily Star.

On Sunday, Md Mahfuzur Rahman, an apprentice lawyer, submitted the writ petition to the HC challenging the legality of the central bank’s decision that instructed the scheduled banks to set a maximum nine percent interest rate on all loans except credit cards.

In the petition, he prayed to the HC to issue a rule upon the respondents to explain why the direction issued by the bank on February 24 should not be declared illegal.

The finance secretary, Bangladesh Bank governor and its general manager (banking regulation and policy department) have been made respondents to the prayed rule.

The petitioner also requested the HC to stay all operation of the direction till disposal of the rule.

In the writ petition, Mahfuzur Rahman said the central bank’s February 24 decision may severely affect the already suffering banking sector and such restriction about reducing the interest rate is unlawful against establishment of financial policies and international practices of free market economy.