Regulatory Alerts2026-04-13
DMD Circular No. 03: Publication of an Effective Reference Rate for Bangladesh’s Money Market Segment
Bangladesh Bank’s Data Management Department issued DMD Circular No. 03 to establish two new daily reference rates, the Bangladesh Overnight Financing Rate (BOFR) and Dhaka Overnight Money Market Rate (DOMMR), for the country's money market segment. Effective April 15, 2026, these risk-free and unsecured interbank rates will be calculated daily based on actual transactions and published on the central bank’s website to serve as reliable benchmarks for pricing loans, bonds, derivatives, and other financial contracts. All scheduled banks and finance companies operating in Bangladesh are hereby directed to adopt these reference rates in applicable financial agreements and products.
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