Bangladesh Bank (BB) will intervene in the foreign exchange market to curb volatility in the exchange rate and rebuild the country's foreign exchange reserves.
BB said the 10 percent policy rate would remain in place for the July-December period
Bangladesh Bank (BB) has reduced the daily cash reserve requirement (CRR) for banks to enable them to manage liquidity more easily.
Bangladesh Bank (BB) has extended a total of Tk 12,500 crore in emergency funds to three beleaguered banks to dress up their balance sheet ahead of the year’s end.
A high-powered panel of the Bangladesh Bank (BB) decided to maintain the policy rate at 10 percent until the inflation comes down to a desired level and also spoke about moving away from the crawling peg and letting market forces determine the US dollar exchange rate.
The Bangladesh Bank (BB) took three major decisions yesterday, including the appointment of a custodian, officially termed as a receiver, at troubled Beximco Group in order to prevent its fall and protect the interests of investors, employees and lenders.
A bank will not be able to do Islamic banking business along with conventional banking at the same time, according to the draft ‘Islami Bank Company Act-2024’, as the central bank looks to level the playing field for Shariah-based banks.
Bangladesh Bank has revised the lending target for green and sustainable ventures as banks in the country recently achieved the previous benchmark in this regard..As such, banks will have to disburse more loans for green and sustainable initiatives from next year as Bangladesh aims to redu
The Bangladesh Bank will increase the policy rate twice and interest rate once by October to tame double-digit inflation, central bank Governor Ahsan H Mansur said at a press briefing yesterday.
National Bank, Islami Bank Bangladesh and Social Islami Bank have applied to the Bangladesh Bank (BB) for its guarantee to avail a total of Tk 6,800 crore in liquidity support through the inter-bank money market for a period of three months.
Arif Quadri, managing director and CEO of United Commercial Bank (UCB), formally resigned from his post today. He had been absent from office ever since the Sheikh Hasina-led Awami League government was ousted by a mass uprising on August 5
Restoring trust in the banking sector is crucially important
BB is not blocking or interfering with the accounts of any businesses, regardless of their political affiliations, said BB Governor Ahsan H Mansur
The spread between interest rates on deposits and loans rose to 6.03 percent, the highest in two decades, indicating that banks are making money at the expense of depositors and borrowers.
We hope that the BB governor will continue the momentum and spirit to bring order and promote the economy.
A new governor has joined the central bank of Bangladesh. As a leading macroeconomist, he has rightly identified inflation and the lack of discipline in the banking sector as the main culprits to be addressed. Both issues are very important, there’s no doubt about it.
Unrest has gripped the banking sector at a time when several banks are burdened with huge default loans and are suffering from low asset quality.
The BB asks banks, if possible, to stop money feeding to the branches amid the weak security because of the absence of police on the streets since Sheikh Hasina resigned as prime minister and fled the country on August 5
Its lack of independence has had disastrous effects
