Money Market Parameters Current Period Earlier Period Change Average Call Money Rate 4.93% (Dec 18’19) 3.83% (Dec 11’19) 28.72% Call Money Lending (Crore BDT) 3,782.28 (Dec 18’19) 5,791.79 (Dec 11’19) 34.69% Prices Weighted Average Deposit Rate 5.60% (Aug ’19) 5.60% (Aug ’19) 0.00% Weighted Average Lending Rate 9.60% (Aug ’19)

Banks must give good borrowers interest rebate within this year Bangladesh Bank on Monday asked scheduled banks to provide the good borrowers with interest rebate at 10 per cent within this year; otherwise, it would take punitive measures against the disobedient banks. The BB issued a letter to managing directors

Government finally cuts oil prices The government cautiously cut prices of major petroleum products, ranging from 4.41% to 10.41%, around two years after the start of global oil slump. As per an executive order issued Sunday by the Ministry of Power, Energy and Mineral Resources (MoPEMR) the downward adjustment applies

Testing year for banks The year 2016 witnessed an intense competition among banks in terms of rates, but it was a boon for the clients as they got improved services and better facilities at costs lower than before. Increasing off-shore borrowing by reputed local business houses has reduced banks’ scope

BB set to revise credit card guidelines The central bank is set to modify the guidelines on credit card operations, allowing the banks to fix the interest rate on card users on the basis of any loan instead of consumer credit.The banks have already been asked not to charge more