BB’s funds to banks complicate efforts to curb inflation
The Bangladesh Bank is injecting fresh funds into the economy despite adopting a contractionary monetary policy, a contradictory move that may make it harder to tame stubborn inflation.
30 January 2024, 00:28 AM
Funds get costlier as liquidity crisis drags on
Both the government and banks are facing a tight liquidity situation, which has pushed up the yield of treasury bills and bonds and the lending rate in the banking sector
28 January 2024, 00:27 AM
Bangladesh plans more licences for digital banks in push to go cashless
BB plans to offer more permissions for digital banks in order to pave the way for full-fledged financial services based on a 100 percent branchless banking system
25 January 2024, 01:00 AM
BB makes money costlier to tame inflation
The Bangladesh Bank yesterday announced an array of measures to bolster its fight against stubbornly high inflation, a major headache for the new government.
17 January 2024, 18:00 PM
How the crawling peg for currency will work
The central bank has rolled out a plan to introduce an interim crawling peg system for the taka to regulate abrupt fluctuations of its value, paving the way towards a fully flexible regime in the future.
17 January 2024, 12:34 PM
BB to adopt crawling peg to curb exchange rate volatility
The peg system would be linked to a carefully selected basket of currencies and operate within a predefined exchange rate corridor
17 January 2024, 09:51 AM
Private sector credit growth target lowered to 10% from 11%
Bangladesh Bank also raised the benchmark policy rate by 25 basis points to 8 percent
17 January 2024, 09:33 AM
Policy rate hike looms again as previous attempts yield little success
To tame inflation, BB is likely to increase the policy rate further
17 January 2024, 01:15 AM
BB to adopt crawling peg. Can it end exchange rate volatility?
BB's adoption of crawling peg as per IMF prescription will possibly rule out a market-driven exchange rate, as suggested
14 January 2024, 00:30 AM
Inflation stays stubborn despite rate hikes. Can it be tamed?
Even rate hikes cant tame a raging inflation, so what is the solution ?
10 January 2024, 01:13 AM
Non-bank loans turning sour hit record
Widespread irregularities and scams are reasons that defaulted loans at NBFIs account for 30 percent of disbursed loans
9 January 2024, 01:15 AM
Liquidity crunch widens fault lines in banking system
An intensifying liquidity crisis is making a majority of Bangladeshi banks turn to call money market and central bank
5 January 2024, 01:30 AM
Export, remittance earnings limp along
Export and remittance sectors suffered disappointments in 2023, looking desperately for solutions this year
3 January 2024, 00:10 AM
Reserves fall short of IMF target
Bangladesh has failed to meet IMF’s target on keeping $17.78 billion as the minimum net international reserve as of December 31 last year
2 January 2024, 00:48 AM
BB gives 7 banks Tk 22,000cr in emergency funds
The central bank has extended a total of Tk 22,000 crore in emergency funds to seven beleaguered banks including five Islamic banks to dress up their balance sheet ahead of the year’s end.
31 December 2023, 18:00 PM
Trade in rupee had a lofty aim. But data paints a different picture
Bangladesh and India on July 11 rolled out the cross-border trade settlement in the rupee to cut the dependence on the US dollar, but transaction figures illustrate a dearth of interest in carrying out businesses in the Indian currency.
27 December 2023, 00:30 AM
How National Bank went astray
National Bank, the country’s first private sector bank with a prosperous past, became a losing concern due to massive loan irregularities, lack of good governance and conflict among directors.
26 December 2023, 18:00 PM
Importers seek wider access to loans as currency slides
The devaluation of the taka has squeezed the import capacity of industries, particularly essential commodity importers and exporters
25 December 2023, 00:25 AM
Bancassurance to make banks more responsible
Bancassurance will help banks improve their profitability and boost liquidity, in addition to making them more responsible towards clients, said Syed Mahbubur Rahman, managing director and CEO of Mutual Trust Bank PLC
24 December 2023, 00:05 AM
14 banks face record capital shortfall
Fourteen banks, including six state-run ones, faced a record capital shortfall in the third quarter of 2023, an indication of their fragile financial health caused mainly by a lack of governance.
18 December 2023, 18:00 PM