Regulatory Alerts2020-07-29
Added · Updated
MPD Circular No. 06: Re-fixation of Bank Rate.
The Bank Rate is reduced by 100 basis points from 5.00% to 4.00%, effective immediately. This decision aligns with the recently announced policy on the compounding of interest/profit rates on loans/investments. The directive is issued under the authority of Section 21 of the Bangladesh Bank Order, 1972, and applies to all scheduled banks operating in Bangladesh.
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