Dhaka | Dhaka City | Bangladeshi News
Dhaka | Dhaka City | Bangladeshi News
Prothom Hello , This is the fourth term of the Awami League and the first budget of the new finance minister. What is new in this budget? Broadly, how would you evaluate it? There were a lot of expectations from this budget. Our economic problems or crisis, whatever you call it, have been going on […]
However, exporters said the exchange rate appreciation would benefit them more unless other costs of doing business increase as they would earn Tk 6-7 more per dollar and this would increase their competitiveness in global markets. In this regard, Syed Naseem Manzoor, managing director of leading leather goods exporting company Apex Footwear and former president […]
In a separate circular, the central bank has brought back the six-month moving average rate of treasury bills (SMART) system in determining loan interest rates, with a view to transition towards a completely market-based system for loan interest rates. Announced to take. At the same time, the upper and lower limits of the policy interest […]
Earlier the highest rate of interest was 9 percent. But the central bank retreated from its previous position of setting a fixed interest rate. At present, the interest rate on the loan is decided following the six-month moving average rate of Treasury Bills (SMART) method. Earlier, 3.5 percent additional interest was added to this base […]
Interest increased after Bangladesh Bank's new system for interest adjustment. Now, interest rates are rising on a monthly basis, increasing the pressure on businesses, entrepreneurs and other borrowers. Under the new system, the base rate of loan interest is determined based on the six-month moving average rate of treasury bills or the smart system.
The economy is undoubtedly under stress. High inflation, low foreign exchange reserves, weak remittances, dollar crisis, declining exports are some of the challenges faced by Bangladesh. The new government may show a confident and brave face, but they have many economic problems to contend with. The panelists made these comments at a BIPSS Policy Circle […]
Over the past year, the banking sector regulator has taken various initiatives to tackle high inflation. Also, some important steps were taken in line with the suggestions of the International Monetary Fund (IMF). In the previous monetary policy, Bangladesh Bank had taken initiatives such as introduction of interest rate corridor system, withdrawal of interest rate […]
According to Bangladesh Bank, last June the money outside the banks was 2,919.13 billion taka, which decreased to 2459.43 billion taka. As the amount of money outside banks declined, the total size of bank deposits increased. The total size of bank deposits in June was Tk 15,952.54 billion, which increased to Tk 16,365.92 billion in […]
The report says countries eligible to borrow from IDA may face a tough ride in the coming years: interest payments on their total external debt stock have quadrupled since 2012, the highest level ever. has reached US$23.6 billion. As interest rates rose in advanced economies, private lenders chased the money in 2022: They largely withdrew […]
According to Bangladesh Bureau of Statistics (BBS), headline inflation declined slightly to 9.63 percent in September from 9.92 percent recorded in August. Nevertheless, food inflation remains a concern, with the figure above 12 per cent in both rural and urban areas in August and September. In August this figure was 12.54 percent.
The president can, in principle, invoke the 14th Amendment to the US Constitution, which states that “the validity of the public debt of the United States, authorized by law, …shall not be called in question.” Some analysts believe Biden may argue that he has a constitutional duty to avoid default and thus exceed the debt […]
This was stated by MD Mezbal Haque, Executive Director and Spokesperson, Bangladesh Bank at a press conference today (Sunday). The IMF team, which arrived in Dhaka on April 25 to discuss the progress of implementation of the Joint Action Plan for ₹4.7 billion IMF loan to Bangladesh, concluded its visit on Sunday. After holding talks […]
Central banks’ so-called benchmark interest rates are the rates they charge commercial lenders to borrow money. They differ from, and are usually significantly lower than, the rates that people pay on their mortgages or loans or personal loans. They are usually much higher than the rates that ordinary savers can expect to receive for their […]
The cash-strapped country has been taking major measures to secure IMF funding, including raising taxes, removing blanket subsidies and artificially placing restrictions on the exchange rate. While the government is hopeful of striking a deal with the IMF soon, media reports say the agency is hopeful of a policy rate hike. The next meeting of […]
According to the BSS report, Bangladesh Bank (BB) has increased the interest rate on loans taken from its Export Development Fund (EDF) by 50 percentage points. As per the BB circular, “It has been decided that the rate of interest on EDF loans to ADs will be charged by Bangladesh Bank at 3 per cent […]
