Banking & Commodity

Planning Minister MA Mannan yesterday claimed that inflation in Bangladesh has come down notably although the Bangladesh Bureau of Statistics (BBS) was yet to publish the consumer price index for August and September. The consumer price index measures change over time in the prices paid by consumers for a representative …

The Central Bank set the private sector credit growth of 14.1% for this fiscal year, which is close to what has been achieved in August. However, the growth may not be a good indicator of investments as inflation and the Taka’s depreciation is forcing the private sector to borrow more. …

The price of soybean oil decreased to $1,390-$1,425 per metric ton and the price of palm oil stood at $850-$900 per metric ton in the global market during the last week of September, according to Statista. The price of soybean oil and palm oil per ton jumped to a record …

Bangladesh Bank on Wednesday increased the ceiling of the rate at which Bangladeshis could secure finances from external sources through local banks. The move comes after the benchmark rate hikes by the United States made it difficult for them to access finances. On August 16, the central bank set the …

Global supply chain disruptions and price hikes amid aggressive policy rate spike by the US Fed were seriously affecting the country’s economy, the Bangladesh Bank said on Wednesday. Exchange rate pressures due to high import prices and subsequent balance of payments adversities are prominent (in the domestic economy), the central …

Businesses can now claim VAT rebates on the submission of invoices against electricity bills paid through mobile financial services (MFS). Earlier this month, the VAT department of the National Board of Revenue (NBR) issued a directive in this regard following the changes made by the government in the Financial Act …

Bangladesh Bank (BB) has raised its key interest rate, or repurchase agreement rate, by 25 basis points to 5.75 per cent as part of its efforts to control consumer prices. The decision comes three months after the previous hike on June 30, when it raised the repo rate by 50 …

The prices of rice increased further on the kitchen markets in Dhaka city over the week ending Friday. The prices of other essential commodities including atta, edible oil, sugar, vegetables, red lentils, eggs and chicken also remained high on the city markets over the week. Although the government has allowed …

The amount of cash outside the country’s banks soared to record Tk 2,42,026 crore in July as people held cash in their hands to meet rising living costs. Bangladesh Bank data showed that cash outside banks hit its highest in April when it was at Tk 2,36,791 crore. The amount …

The Bangladesh Bank yesterday raised the ceiling of the rate at which local clients secure finances from external sources through local banks after the benchmark rate hikes by the United States central bank made it difficult for them to access finances. On August 16, the BB set the all-in-cost ceiling …