Domestic demand to drive economy: WB Aided by domestic demand, the World Bank (WB) has said Bangladesh economy will expand at a rate of 7.0 per cent during the current fiscal year. The projection is lower than the official target of 7.8 per cent set for the current fiscal. The

Money Market Parameters Current Period Earlier Period Change Average Call Money Rate 3.87% (Nov 08 ’17) 3.83% (Nov 01 ’17) 0.06% Call Money Lending (Crore BDT) 5,662.00 (Nov 08 ’17) 6,579.00 (Nov 01 ’17) 13.94% Prices Weighted Average Deposit Rate 4.90% (Sep ’17) 4.93% (Aug ’17) 0.03% Weighted Average Lending

Sharp fall in bank deposit growth The country’s banking sector witnessed a sharp fall in deposit growth in March as banks were slashing their interest rates continuously almost every month during the last two years. The average deposit growth rate came down to 8.3% in March this year compared to

Bangladesh Bank spurs banks to speed up loan recovery Bangladesh Bank on Tuesday asked scheduled banks to take initiative to reduce their defaulted loans by speeding up their loan recovery process. The direction came from a meeting between the central bank and schedules banks at the BB headquarters in the

Stressed loans stir up worries in Bangladesh Bank A load of rescheduled and restructured loans causes concern for the credit-risk management of country’s banking industry, as it erodes their profitability and shifts the burden on clientele, reveals the central bank. Besides, the FSR cautions, such a situation would increase the