BB hikes policy rate to 10pc
- Update Time : Wednesday, October 23, 2024
- 38 Time View
RN Desk:Bangladesh Bank (BB) has increased the policy or repo rate further by 50 basis points to 10 percent for containing inflation.
It will be effective from October 27, the central bank said in a circular issued today.
Additionally, the Standing Lending Facility (SLF) has also increased by 50 basis points, reaching 11.5 percent.
The Standing Deposit Facility (SDF) has also been hiked by 50 basis points, reaching 8.5 percent.
The SLF is the facility through which the central bank grants overnight credits (emergency funds) to eligible banks, while the SDF allows banks to deposit their excess liquidity.
Earlier yesterday, the Bangladesh Bank also decided that banks will be able to borrow through repurchase agreements (repo) from the central bank once a week, only on Tuesdays.
List of Advisers
Mohammad Ismail, Former Chairman, Board of Directors, Bangladesh Krishi Bank(BKB) & Prsident , Barisal Bibhag Kalyan Sangstha
Dr. Mohammad Shadi-Uz-Zaman, Managing Director, Natundhora Group, Co-Chairman, FBCCI Standing Committee on Land Developers
Md. Ali Hyder Talukder, Chairman, AHT Agro Industries Limited
Advocate Nasir Uddin Ahmed, Ex-General Secretary, Dhaka Taxes Bar Association
Advocate Munshi Abdur Rahman, A Valiant Freedom Fighter & Legal Adviser, European University Bangladesh, EUB
Dr. Md. Shah Alam FF, Deputy Managing Director, Sobuj Saya Goup
Md. Mahbub Hossain Bhuiya, Managing Director, Matrichaya Properties Ltd.
Md. Altaf Hossain, Senior District & Sessions Judge (Retd) & Legal Adviser, Agrani Bank Limited
Maqsuda Begum, Ex- Executive Director, Bangladesh Bank
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