April remittance flow drops 7.0% Remittance inflow fell nearly 7.0% in April from the previous month’s mark, mainly because of sluggish development activities in the Middle-East, officials said. Besides, devaluation of the currencies of the United Kingdom, Singapore and Malaysia against the US dollar also worked as a damper in

Bangladesh Bank buys USD 1.8 billion from banks in July-October The central bank has directly purchased USD 1.8 billion from the commercial banks in the first four months of the current fiscal year (FY), 2016-17, to help keep the inter-bank foreign exchange (forex) market stable. The amount was slightly lower

Money Market Parameters Current Period Earlier Period Change Average Call Money Rate 3.93% (Oct 04 ’18) 4.14% (Sep 30 ’18) 0.21% Call Money Lending (Crore BDT) 6,706.75 (Oct 04’18) 6,768.11 (Sep 30’18) 0.90% Prices Weighted Average Deposit Rate 5.36% (Oct ’18) 5.36% (Sep ’18) 0.00% Weighted Average Lending Rate 9.55%

World Bank’s response to Dhaka Tribune report The letter claims that the World Bank has not sent any letter alone, or jointly with the IMF World Bank has sent a letter to Dhaka Tribune refuting statements made in a Dhaka Tribune report titled “World Bank, IMF unhappy with VAT law

HSBC announces 10pc interest rebate for good borrowers The central bank has warned that it will not spare any bank if it fails to follow its directive to pay a 10 percent rebate on realised interest to all good borrowers. “Every bank must give incentives to its borrowers with regular