interest rate
BB to hike policy rate in two phases to fight inflation
The Bangladesh Bank will increase the policy rate twice and interest rate once by October to tame double-digit inflation, central bank Governor Ahsan H Mansur said at a press briefing yesterday.
Interest rate spread rises to highest level since 2003
The spread between interest rates on deposits and loans rose to 6.03 percent, the highest in two decades, indicating that banks are making money at the expense of depositors and borrowers.
Banks go slow in raising interest rates even after BB cedes control
The interest rates on consumer loans, forced loans and overdue loans are likely to go up rapidly in the upcoming months, however.
US Federal Reserve keeps interest rates at 23-year high
"The economic outlook is uncertain, and the Committee remains highly attentive to inflation risks," the Fed said in a statement.
US Fed expected to pause again as inflation edges closer to target
The US Federal Reserve is widely expected to hold interest rates at a 22-year high for a third consecutive meeting on Wednesday as it continues to fight elevated inflation.
Why Bangladesh Bank's inflation control policy is falling short
One key factor hampering the effectiveness of BB's policies is the delay in decision-making and significant transmission lags.
What could break under higher-for-longer interest rates?
As the final stretch of the year approaches, there's relief in markets that the sharpest global monetary tightening cycle in decades is finally nearing an end.
FBCCI urges BB not to hike interest rate
The leaders of the Federation of Bangladesh Chamber of Commerce and Industry (FBCCI) have sought the cooperation of the central bank so that the interest rate on loans does not increase by a large margin.
Fed poised to punt rate hike into the summer wind
The Federal Reserve is expected to leave interest rates unchanged on Wednesday for the first time since the U.S. central bank kicked off a historically aggressive round of monetary policy tightening in March of 2022.
Traditional lenders fall behind Islamic banks in profit growth
Conventional lenders in Bangladesh fell behind shariah-based banks in 2022 in terms of profit growth mainly due to the lower interest rate regime.
White House, Republican team say no progress in debt ceiling talks
A second meeting on Friday between White House and Republican congressional negotiators on raising the federal government's $31.4 trillion debt ceiling broke up with no progress cited by either side and no additional meeting set.
Fed likely to hike rates, hint at pause in tightening cycle
The Federal Reserve is expected on Wednesday to raise interest rates and perhaps signal a pause in its 14-month tightening cycle, as policymakers balance the need to slow inflation against a pressing set of risks ranging from bank failures to the possibility of a U.S. debt default as soon as next month.
Let taka depreciate further: economists
As the US dollar shortage persists, businesses in Bangladesh are increasingly finding it difficult to open letters of credit (LCs) since banks can’t supply the adequate American greenback needed to finance imports.
Forex market continues to stay under pressure
Come January there won’t be any volatility in the foreign exchange market -- was the overarching message from the government in the past couple of months. January has arrived, and the situation is dicey as before.
Could we have avoided the current economic crisis?
Do we have the political will to come out of it?
Interest rate increases, volatile markets signal rising financial stability risks
Financial conditions have tightened as central banks continue to hike interest rates. Amid the highly uncertain global environment risks to financial stability have increased substantially.
New Zealand's central bank lifts rates to 7-year high in hawkish rush
New Zealand's central bank on Wednesday lifted interest rates to a seven-year high and promised more pain to come as it struggles to cool red-hot inflation in an over-stretched economy.
Bangladesh’s currency conundrum: What role can interest rates play?
Bangladesh Bank can better fix the currency turmoil by freeing both interest rate and exchange rate to adjust over time.
WB to give $6.05b over next 3 years
The World Bank Group is scaling up its lending to Bangladesh in non-concessional terms by as much as three times to prepare the country for its impending LDC graduation, which would close the doors to low-cost funds.