Dhaka | Dhaka City | Bangladeshi News
Dhaka | Dhaka City | Bangladeshi News
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 faces many challenges, Premier Li Keqiang said at a cabinet meeting on Wednesday, stressing the country’s economic growth due to the stringent COVID-19 lockdown. […]
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 steps, the government has increased imports of essential edible oil to rein in inflation and provided free food grains to the poor since the COVID-19 […]
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 bank due to the sale of large amounts of dollars to banks that were short of supply, creating a liquidity crunch. Now banks are borrowing […]
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 an emailed statement on Tuesday. The IMF’s Executive Board has approved approximately $1.4 billion under the newly created Resilience and Sustainability Facility (RSF). Bangladesh is […]
“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 indigenous groups in designing the $5 banknote. It will take several years to design and print the new banknote. Till then the existing notes […]
“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 exchange disclosure. Bangladesh Bank welcomed the court’s decision in a statement this week, saying it cleared the way as needed for the case to progress […]
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 central bank. Bangladesh Bank spokesperson Mezbal Haq said after receiving the copy of the order that the court passed the order on January 13, dismissing […]
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 from 349% in June 2022. S&P Global is adding its voice to a chorus of warnings from policymakers and multilateral institutions about the impact of […]
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 of steps to shore up the economy, while easing crackdowns on tech companies. Monetary policy in 2023 will focus on expanding demand, especially personal consumption, […]
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 officials of the Roof. Now the central bank will determine the measures for the basic bank once the action plan is presented. A senior official […]
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 have to report loans of more than 10 million taka to the central bank. Governor Abdur Rauf Talukdar issued a series of instructions on […]
