Regulatory Alerts2022-05-29
Added
MPD Circular No. 01: Re-fixation of Repo interest rate of Bangladesh Bank
The existing Repo interest rate of Bangladesh Bank is increased by 25 basis points and re-fixed at 5.00 percent from 4.75 percent, while the Reverse Repo rate remains unchanged at 4.00 percent. This decision follows the Monetary Policy Committee's 54th Meeting held on 29 May 2022. The circular applies to all scheduled banks and financial institutions in Bangladesh and comes into effect immediately.
Monetary Policy Department Bangladesh Bank Head Office Dhaka. Website: www.bb.org.bd Managing Directors/Chief Executives All scheduled banks and financial institutions in Bangladesh Re-fixation of Repo interest rate of Bangladesh Bank Dear Sir, Please refer to MPD Circular No.- 05 dated 29 July 2020 on the captioned subject. 02. As per the decision of the Monetary Policy Committee in its 54th Meeting held on 29 May 2022, the existing Repo interest rate of Bangladesh Bank has been increased by 25 basis points and re-fixed at 5.00 percent from 4.75 percent while Reverse Repo rate will remain unchanged at 4.00 percent. 03. This circular shall come into effect immediately. MPD Circular No.- 01 Date: 29 May 2022 15 Joshtho 1429 Sincerely yours, (Md. Abdul Kayum) Director (Research) Phone: 9530059