Regulatory Alerts2020-04-09
Added · Updated
MPD Circular No. 03: Change of Cash Reserve Ratio (CRR)
The document reduces the minimum Cash Reserve Ratio (CRR) for all scheduled banks operating in Bangladesh, including Shariah-based banks, from a bi-weekly average minimum of 5.0% and a daily minimum of 4.5% to a bi-weekly average minimum of 4.0% and a daily minimum of 3.5%. This adjustment is implemented to ensure necessary liquidity in the money market in response to the adverse effects of the novel coronavirus pandemic on the national economy. The revised CRR rates become effective from April 15, 2020.
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