After raising the policy rate by 75 bps to 7.25%, BB (Bangladesh Bank) relaxed the lending rate ceiling as well. They revised the ceiling on lending rate to SMART +…

In a recent development in monetary policy, Bangladesh Bank (BB) raised the policy rate (repo rate) by 75 basis points to 7.25%. Currently, BB has interest rate corridor in place…

In the recent changes in Finance Bill, interest on foreign loans is now subject to 20.0% tax deduction which was earlier tax exempted. Given the persisting high rate in SoFR…

Recently Bangladesh Bank (BB) governor, Abdur Rouf Talukder, met IMF vice-president to discuss at length Bangladesh’s request to get USD 4.5bn loan for forex reserve and budget support. Meanwhile, a delegation from the IMF will arrive in Dhaka next week to start negotiations on the requested loan. IMF has sought several reforms and one of them is lifting lending rate cap. Several newspapers have stated that BB is considering partially lifting interest rate cap, initially on consumer loan.

In the latest monetary policy committee meeting of Bangladesh Bank, the central bank has decided that they will introduce a benchmark lending rate, also known as reference rate, abolishing the…

Governor of Bangladesh Bank, Abdur Rouf Talukder, has stated that the central bank is taking initiative to scrap the 9.0% lending rate cap and introduce a market-based interest rate on…

IMF has disbursed first tranche of the USD 4.7bn loan amounting to USD 476mn with stipulation of several conditions targeting both fiscal and monetary policy as well as climate change…

IMF Executive Board approved Bangladesh’s request for USD 3.3bn under the Extended Credit Facility (ECF) and the Extended Fund Facility (EFF) arrangements and USD 1.4 billion under the newly created…

The Energy and Mineral Resources Division issued a gazette raising gas prices by up to 178.9% for public, private and captive power plants, as well as for industries and commercial…