Bangladesh Bank (BB)

November 8, 2022
November 8, 2022

Rules relaxed for financing coal-based power plants

Bangladesh Bank (BB) today relaxed its rule to facilitate lending for establishment of coal-based power plants and buy the dirty fuel to generate electricity.

November 8, 2022
November 8, 2022

We must prioritise food security

PM’s call in this regard is a welcome one

November 7, 2022
November 7, 2022

PM steps in to ensure smooth food supply

Prime Minister Sheikh Hasina yesterday instructed Bangladesh Bank to intervene if any bank faced a dollar shortage while opening letters of credit for importing food, fertiliser and other agricultural inputs to ensure uninterrupted food supply.

September 30, 2022
September 30, 2022

BB hikes key interest rate by 25 basis points

The Bangladesh Bank yesterday raised its benchmark interest rate by 25 basis points to 5.75 per cent as it stepped up its fight against inflation, which is running at a multi-year high.  

September 29, 2022
September 29, 2022

Economic growth momentum at risk for global volatility: BB

The economy faces multidimensional challenges as the volatile global scenario threatens to create an adverse situation for the growth momentum of Bangladesh, the central bank warned yesterday. 

September 28, 2022
September 28, 2022

Private credit growth surges, nears Bangladesh Bank target

Bangladesh’s private sector credit growth surged to 14.07 per cent in August, almost touching the central bank’s target for the entire fiscal year, an ominous sign for the economy since it may stoke inflationary pressures. 

September 24, 2022
September 24, 2022

Bangladesh’s currency conundrum: What role can interest rates play?

Bangladesh Bank can better fix the currency turmoil by freeing both interest rate and exchange rate to adjust over time.

September 23, 2022
September 23, 2022

Bangladesh Bank platform eases local trade in foreign currency

A new digital platform rolled out by the Bangladesh Bank has opened a new horizon for local businesses to do trade with foreign currencies on a real-time basis.

September 4, 2022
September 4, 2022

27 banks asked to explain breach of card’s forex spend limit

The Bangladesh Bank today asked 27 banks to explain why they had allowed their credit cardholders to spend dollars breaching the stipulated ceiling set by the foreign exchange rules.

September 4, 2022
September 4, 2022

NBFI loan defaulters offered relaxed rescheduling facility 

The central bank yesterday relaxed the rules on credit rescheduling and restructuring for the borrowers who have defaulted on the repayments of loans with non-bank financial institutions (NBFIs).