BB projects over 7pc growth but remittance poses risk Bangladesh Bank has projected that the growth of the country’s gross domestic product would be more than 7 per cent in the current fiscal year, but a negative growth in inward remittance and a moderate export growth might create downside risks.

NPLs swell 19.51pc in 2017 The volume of non-performing loans (NPLs) in the country’s banking system jumped 19.51 per cent or Tk 121.31 billion in the last calendar year (2017) despite close monitoring of the central bank. The NPLs rose to Tk 743.03 billion as on December 31 last year,

BB asks banks to bring down lending rates to single digit The central bank of Bangladesh has asked the banks to take effective measures to bring down the interest rate on lending to single digit from the existing level as soon as possible. The advice was made at two separate

BB wants out-of-court settlement too Dhaka is likely to propose an out-of-court settlement, in a major policy shift, for the recovery of the rest $66 million of the country’s stolen reserve fund from Manila. Officials, quoting a latest position paper of the Bangladesh Bank, said that finance minister AMA Muhith

Money Market Parameters Current Period Earlier Period Change Average Call Money Rate 4.97% (Oct 16’19) 4.86% (Oct 09’19) 0.11% Call Money Lending (Crore BDT) 8,933.30 (Oct 16’19) 8,225.47 (Oct 09’19) 8.60% Prices Weighted Average Deposit Rate 5.60% (Aug ’19) 5.60% (Aug ’19) 0.00% Weighted Average Lending Rate 9.60% (Aug ’19)