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BB announces monetary policy, keeping policy rate unchanged at 10%
The Bangladesh Bank (BB) on Monday announced monetary policy for the second half of the current fiscal year, saying it would keep its policy rate, at which it lends to commercial banks, unchanged at 10% till June 10 to reduce inflation. Governor Dr Ahsan H Mansur presented the new monetary...
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Stocks decline after six-day rally
The stock market lost momentum on Sunday after six consecutive sessions of gains, as investors engaged in profit booking ahead of the upcoming monetary policy announcement for the second half of the fiscal year, reports BSS. The Dhaka Stock Exchange (DSE) saw its benchmark index drop by 13.29...
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BB to announce monetary policy on Feb 10
Bangladesh Bank (BB) is set to announce a new monetary policy for the remaining period of the current fiscal year 2024-25 on February 10. The date of the central bank board meeting is fixed on February 9, and the next day (February 10) will be announced the monetary policy, said a senior...
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Capital machinery imports plunge amid rising economic uncertainty
The import of capital machinery in Bangladesh has plummeted, reflecting the deepening economic uncertainty facing the nation. Data from Bangladesh Bank reveals a stark decline in letters of credit (LCs) for machinery imports across all industrial sectors during the first five months (July-November)...
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Sri Lanka eases monetary policy, sets new single benchmark rate
Sri Lankas central bank set a new single policy rate of 8 per cent on Wednesday, easing monetary settings below previously used benchmarks, in an effort to shore up the island nations fragile recovery from a deep financial crisis. The Central Bank of Sri Lanka (CBSL) said late on Tuesday that it...