Regulatory Alerts2024-01-17
Added
MPD Circular No. 01: Re-fixation of Interest Rate Corridor (IRC)
The Bangladesh Bank has re-fixed the Interest Rate Corridor (IRC) for all scheduled banks and financial institutions operating in Bangladesh, effective from January 21, 2024. The policy rate (repo rate) has been increased by 25 basis points from 7.75% to 8.00%. Concurrently, the upper limit of the IRC, the Standing Lending Facility (SLF), has been reduced by 25 basis points from 9.75% to 9.50%, and the lower limit, the Standing Deposit Facility (SDF), has been increased by 75 basis points from 5.75% to 6.50%.
Topics
monetary
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