RegAlert2023-10-04
Added · Updated
MPD Circular No. 03: Refixation of Interest Rate Corridor
The Monetary Policy Committee has increased the short-term interest rate corridor by 75 basis points, raising the upper limit from 6.50% to 7.25%, the Standing Lending Facility rate from 8.50% to 9.25%, and the Standing Deposit Facility rate from 4.50% to 5.25%. This decision was taken during the 60th meeting of the Monetary Policy Committee held on October 4, 2023. The revised interest rate corridor becomes effective on October 5, 2023.
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MONETARY POLICY COMMITTEE
Bangladesh Bank
Head Office, Dhaka. website: www.bb.org.bd
Monetary Policy Circular No. 03 Dated: 04 October 2023 19 Aghran 1430 To Chief Executive Officers / Chief Executive Officers All Scheduled Banks, Non-Bank Financial Companies and Other Institutions in Bangladesh.
Subject: Refixation of Short-Term Interest Rate Corridor.
Dear Sir,
Reference is made to Monetary Policy Circular No. 02 dated 20 June 2023 regarding the short-term interest rate corridor.
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At the 60th meeting of the Monetary Policy Committee held today, 04 October 2023, it was decided to increase the short-term interest rate corridor by 75 basis points. Accordingly, the upper limit of the short-term interest rate corridor is fixed at 7.25%, the Standing Lending Facility (SLF) rate at 9.25%, and the Standing Deposit Facility (SDF) rate at 5.25%.
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The above decision will be effective from tomorrow, 05 October 2023.
Yours faithfully,
(K.M. Abdur Rouf)
Deputy Governor (Monetary)
Fax: 9530059
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Lineage: In force
Timeline
This document amends: MPD Circular No. 02: Introducing 'Interest Rate Corridor (IRC)'
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Source: Bangladesh Bank — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works
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