Regulatory Alerts2009-10-12
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MPD Circular No. 1: Refixation of Repo and Reverse Repo Rate of Bangladesh Bank
Bangladesh Bank re-fixes its Repo interest rate at 4.5 percent and reverse Repo interest rate at 2.5 percent to address higher liquidity in the inter-bank money market. These revised rates apply to all scheduled banks and financial institutions in Bangladesh starting from October 12, 2009, until further instruction. The circular specifies that this adjustment does not indicate any change in the current monetary policy stance.
Bangladesh Bank Head Office Motijheel, Dhaka-1000 Bangladesh Monetary Policy Department MPD Circular No: 1 Date: 12 October, 2009 27 Ashin, 1416 Managing Directors/ Chief Executives All Scheduled Banks and Financial Institutions in Bangladesh Dear Sir, Re-fixation of Repo and reverse Repo interest rates of Bangladesh Bank In the backdrop of prevailing higher liquidity in the inter-bank money market and with a view to more effective use of Repo and reverse Repo auction process, the Repo and reverse Repo interest rates have been re-fixed at 4.5 and 2.5 percent respectively. These rates shall come into force from October 12, 2009 until further instruction; this re-fixation does not indicate any change of current monetary policy stance.
Sincerely yours, Sd/- (Md. Abdus Samad Sarker) General Manager Phone: 9564119
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