Regulatory Alerts2024-08-25
Added · Updated
MPD Circular No. 03: Re-fixation of Interest Rate Corridor (IRC)
The Bangladesh Bank revises the Interest Rate Corridor effective 27 August 2024, increasing the Short-Term Deposit Rate (SDR) by 50 basis points to 9.00%, the Short-Term Deposit Rate for Banks' Head Office Treasury by 50 basis points to 10.50%, and the Short-Term Deposit Rate for Banks' Branches by 50 basis points to 7.50%. These adjustments follow representations received in response to Circular No. 02 dated 08 August 2024.
Topics
monetary
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