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China's economy will rebound in 2023 under precise, tight monetary policy: central bank
Posted inFeatured

China’s economy will rebound in 2023 under precise, tight monetary policy: central bank

The report said that China will closely monitor the trend and change of inflation and keep energy and food prices stable.The world's second-largest economy is stabilizing and improving but still…
Posted by Abdullahil Kafi February 24, 2023
India will continue efforts to control inflation: Finance Minister
Posted inFeatured

India will continue efforts to control inflation: Finance Minister

The Indian government and the central bank are taking steps to control inflation, Finance Minister Nirmala Sitharaman said on Monday, as retail prices again rose above comfort levels. Among other…
Posted by Abdullahil Kafi February 21, 2023
Pakistan's forex reserves have risen to $3.193 billion, says central bank
Posted inFeatured

Pakistan’s forex reserves have risen to $3.193 billion, says central bank

The State Bank of Pakistan said on Thursday that Pakistan's foreign exchange reserves held by the central bank increased by $276 million to $3.193 billion for the week ended February…
Posted by Abdullahil Kafi February 16, 2023
Bangladesh Bank wants government to avoid banks for domestic borrowings
Posted inFeatured

Bangladesh Bank wants government to avoid banks for domestic borrowings

Meanwhile, under inflationary pressure, households are withdrawing more money from banks than they are depositing while cashing in savings certificates has increased. Money flowed from the market to the central…
Posted by Abdullahil Kafi February 9, 2023
Bangladesh receives $476.2m in first tranche of IMF loan
Posted inFeatured

Bangladesh receives $476.2m in first tranche of IMF loan

Bangladesh received about $3.3 billion under the Extended Credit Facility (ECF) and Extended Fund Facility (EFF) arrangements. The approval enables immediate disbursements of approximately $476 million, the IMF said in…
Posted by Abdullahil Kafi February 2, 2023
Australia to replace monarch on banknote with design that respects indigenous culture
Posted inFeatured

Australia to replace monarch on banknote with design that respects indigenous culture

"There is no question that this is government-directed and I think the prime minister should accept that," he told local radio station 2GB.The Reserve Bank said it would consult with…
Posted by Abdullahil Kafi February 2, 2023
New York court orders mediation in Bangladesh Bank cyber heist case
Posted inFeatured

Philippine bank at center of cyber robbery appeals New York court damages to Bangladesh

"The judgment and order merely resolved the jurisdictional issues and in no way ascertained the liability on the part of RCBC, or any individual respondent," it said in a stock…
Posted by Abdullahil Kafi January 20, 2023
New York court orders mediation in Bangladesh Bank cyber heist case
Posted inFeatured

New York court orders mediation in Bangladesh Bank cyber heist case

The New York Supreme Court has ordered arbitration of Bangladesh's case against Filipino Rizal Commercial Banking Corp, or RCBC, and other defendants over the 2016 cyber robbery of the country's…
Posted by Abdullahil Kafi January 17, 2023
Rate hike could add $8.6 trillion to global borrowing costs: S&P
Posted inFeatured

Rate hike could add $8.6 trillion to global borrowing costs: S&P

It also forecast that the global debt-to-GDP ratio - a marker of leverage risk in the financial system - could rise to 391% in a worst-case scenario by 2030, up…
Posted by Abdullahil Kafi January 13, 2023
China's central bank will support private firms, ease technical action
Posted inInternational

China’s central bank will support private firms, ease technical action

Guo Shuqing, Communist Party chief of the People's Bank of China, was quoted by state media as saying that China's central bank will increase support for private firms as part…
Posted by Md. Shanzid Raihan Shanto January 9, 2023
Governor asked Basic Bank to make a loan recovery plan
Posted inFeatured

Governor asked Basic Bank to make a loan recovery plan

The central bank did not name the banks but appointed coordinators at National Bank, AB Bank, One Bank, Padma Bank and Bangladesh Commerce Bank after meetings between the banks and…
Posted by Abdullahil Kafi December 21, 2022
Bangladesh is 'closely monitoring' 5 Sharia-based banks after reports of questionable lending
Posted inFeatured

Bangladesh is ‘closely monitoring’ 5 Sharia-based banks after reports of questionable lending

Bangladesh Bank has launched new efforts to tighten surveillance on five of the country's 10 Islamic banks following allegations of irregularities in the disbursement of large loans.Five Sharia-based banks will…
Posted by Abdullahil Kafi December 16, 2022
G7 Russian oil price cap evolved from revenue squeeze to market anchor
Posted inFeatured

Central bank analysts say price cap, oil sanctions deal ‘new economic blow’ to Russia

A Western price cap on Russian oil and EU sanctions are a new economic blow that could significantly reduce Russia's economic activity in the coming months, central bank analysts said…
Posted by Abdullahil Kafi December 8, 2022
Bangladesh Bank opens liquidity support to Islamic banks
Posted inFeatured

Bangladesh Bank opens liquidity support to Islamic banks

Unless Islamic banks operate on an interest-based banking system, they do not use the central bank's credit facility for normal banks in need of short-term liquidity support. Now they will…
Posted by Abdullahil Kafi December 5, 2022
Bangladesh's inward remittances rise marginally, end three-month decline
Posted inFeatured

Bangladesh’s inward remittances rise marginally, end three-month decline

But in September, remittances fell 10.84 per cent year-on-year to about $1.54 billion on fears of a global recession and foreign exchange market volatility due to the Russia-Ukraine war, which…
Posted by Abdullahil Kafi December 2, 2022

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