Regulatory Alerts2024-05-08
Added
MPD Circular No. 02: Re-fixation of Interest Rate Corridor (IRC)
The Interest Rate Corridor (IRC) is re-fixed effective 09 May 2024, raising the lower bound of the Short-Term Interest Rate (STIR) corridor from 8.00% to 8.50% and the upper bound from 9.50% to 10.00%. Additionally, the lower bound of the Standardized Pricing Framework (SPF) is increased from 6.50% to 7.00%. These adjustments apply to banks, non-bank financial institutions, and other financial companies operating in Bangladesh.
Topics
monetary
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