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Interest cap lifted to lure forex deposits

The Bangladesh Bank today withdrew the interest rate ceiling on non-resident foreign currency deposits (NFCDs) as part of its efforts to ease the ongoing pressure in the foreign exchange market. ....

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Bangladesh's trade deficit projected $33b in FY22

Bangladesh’s trade deficit is projected to be $33 billion in the outgoing fiscal year as export earnings and remittances continue to fall below the overall import cost, said Bangladesh Bank in its monetary policy for the next fiscal year. ....

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Bangladesh Bank takes cautious stance in monetary policy

Bangladesh Bank today set a 14.1 per cent private sector credit growth for 2022-23, marginally down from the target fixed for the outgoing fiscal year. ....

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'Effective monetary policy requires exchange rate, interest rate flexibility'

There have to be exchange rate and interest rate flexibilities in order to make the monetary policy of the Bangladesh Bank effective, said Zahid Hussain, a noted economist. ....

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Export growth to slow down in FY23 for weaker external demand: Bangladesh Bank

Bangladesh’s export growth may witness a slowdown in the next fiscal year, said the central bank in its monetary policy unveiled today. ....

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