Money Market Parameters Current Period Earlier Period Change Average Call Money Rate 3.67% (Oct 18 ’18) 3.70% (Oct 11 ’18) 0.03% Call Money Lending (Crore BDT) 6,814.22 (Oct 18’18) 6,966.56 (Oct 11’18) 2.18% Prices Weighted Average Deposit Rate 5.36% (Oct 18’18) 5.36% (Oct 11’18) 0.00% Weighted Average Lending Rate 9.55%

Money Market Parameters Current Period Earlier Period Change Average Call Money Rate 4.25% (Sep 04 ’18) 4.52% (Aug 28 ’18) 0.27% Call Money Lending (Crore BDT) 10,475.35 (Sep 04 ’18) 9,895.05 (Aug 28 ’18) 5.54% Prices Weighted Average Deposit Rate 5.5% (June ’18) 5.6% (May ’18) 0.01% Weighted Average Lending

BB asks banks to reduce interest rates on lending The commercial banks have been advised to reduce interest rates on lending along with providing long term repayment facility to ship building industry, officials said. The central bank issued a circular letter in this connection Wednesday and advised the managing directors

New cashless payment system in the offing Bangladesh is moving one step closer to being a cashless society after the central bank gave the go-ahead to a company to facilitate payments between parties through online fund transfers. Called the iPay, the fintech startup’s system will function like Paypal, which operates

State-owned banks to get capital replenishment The government decided to funnel money into seven state-owned banks (SoBs) again to meet their capital shortage to some extent. Officials said a decision to this effect came Sunday from a meeting at the ministry of finance with Finance Minister AMA Muhith in the