Trade deficit mounts to $5.28b in July-Jan The country’s trade deficit increased by 36.34 per cent to $5.28 billion in the first seven months of the current financial year 2016-17 compared with that of $3.87 billion in the corresponding period of the FY16. The deficit increased during the period due

IDLC to expand its footprint into housing finance The International Finance Corporation (IFC), the private investment arm of the World Bank, has proposed to provide up to $40 million in senior financing in IDLC Finance Ltd (IDLC), the largest non-banking financial institution in Bangladesh. In a pre-investment disclosure, IFC said

New monetary policy to be contractionary, ‘growth-friendly’ Bangladesh Bank is preparing a contractionary monetary policy statement (MPS) for the second half of the current fiscal year to control the supply of credits and inflation in a bid to maintain economic stability, according to officials. The new monetary policy is expected

BB seeks Tk 25.60b as export subsidy The Bangladesh Bank (BB) has sought a sum of Tk 25.60 billion from the government to meet the demand for cash incentive/subsidy made by local exporters, officials have said. The central bank recently sent a letter to the Ministry of Finance (MoF), seeking

Money Market Parameters Current Period Earlier Period Change Average Call Money Rate 4.52% (Aug 28 ’18) 3.29% (Aug 14 ’18) 1.23% Call Money Lending (Crore BDT) 9,895.05 (Aug 28 ’18) 10,307.05 (Aug 14 ’18) 0.05% Prices Weighted Average Deposit Rate 5.5% (June ’18) 5.6% (May ’18) 0.01% Weighted Average Lending