Monetary policy FY22-23

Monetary policy FY22-23

No interest rate cap on credit card loans: BB

Banks can now fix interest rate of their credit cards, Bangladesh Bank (BB) said today after allowing the lenders to charge up to 12 per cent interest on consumer credit.

Move towards market-based exchange rate by FY23-end: Bangladesh Bank

The central bank today said it is taking necessary measures to gradually move towards a market-based, flexible and unified exchange rate regime by the end of the ongoing fiscal year.

Credit growth target upped for January-June

The Bangladesh Bank today raised its domestic credit growth target by 30 basis points to 18.5 per cent for the second half of 2022-23 in order to allow higher government expenditures.

BB to pursue “accommodative policy stance” in January-June

Bangladesh Bank today said it would pursue a cautiously accommodative policy stance in the second half of the current fiscal year to contain inflationary and exchange rate pressures.

Bangladesh Bank relaxes lending rate cap for consumer loans

Bangladesh Bank today relaxed the lending rate cap for consumer loans, allowing banks to hike it up to 3 percentage points from the current level.

Bangladesh Bank hikes policy rate by 25 basis points

Bangladesh Bank has raised its policy rates by 25 basis points as it unveiled the monetary policy for the second half of the ongoing fiscal year.

Bangladesh Bank set to unveil monetary policy

Bangladesh Bank is going to unveil the monetary policy for the January-June period of the fiscal year 2022-23 this afternoon and return to the half-yearly policy after discontinuing it for three years.

Monetary Policy / Lift interest rate cap to control inflation: Ahsan H Mansur

Bangladesh Bank (BB) should remove the interest cap on lending in its upcoming monetary policy to control the persisting high inflation, said Ahsan H Mansur, executive director of the Policy Research Institute of Bangladesh.

Stocks rise on expectation of a favourable monetary policy

Dhaka stocks edged up in the morning session today as the investors started buying shares on expectation of a favourable monetary policy to be unveiled by Bangladesh Bank this afternoon.

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