DMD Circular No. 03: Publication of an Effective Reference Rate for Bangladesh’s Money Market Segment

50119

Bangladesh Bank
(Central Bank of Bangladesh)
Head Office
Motijheel, Dhaka-1000
Bangladesh.

Data Management Department

DMD Circular No.-03

Date: 13/04/2026

Managing Director/Chief Executive Officer All Scheduled Banks and Finance Companies operating in Bangladesh.

Dear Sir,

Regarding the Publication of an Effective Reference Rate for the Money Market Segment of Bangladesh’s Financial Market.

In order to establish a reliable, universally acceptable benchmark rate suitable for use as a primary indicator (Price Indicator) for determining interest rates across various loan agreements, bonds, floating rate-based products (e.g., derivatives), and other financial contracts in the country, Bangladesh Bank will publish two money market reference rates daily based on actual transactions. The two reference rates calculated and published based on risk-free and unsecured interbank money market transactions will be named Bangladesh Overnight Financing Rate (BOFR) and Dhaka Overnight Money Market Rate (DOMMR), respectively.

2. From April 15, 2026, the aforementioned two rates will be calculated every working day and published on the Bangladesh Bank website. The calculation methodology (Methodology) for the two reference rates has been posted on the Bangladesh Bank website. You are hereby directed to adopt the aforementioned two money market reference rates in applicable cases.

Yours faithfully,

(Signature)
(Iftikharul Hossain)
Director (DMD)
Phone: 02-9530131/20863.

Phone: 88-02-9550448, 9554896, IP: 88-02-55685001-6, Fax: 88-02-9530479, Web: www.bb.org.bd