BB raises policy rate for first time in a decade The Bangladesh Bank yesterday raised its key interest rate for the first time in a decade and devalued the local currency for the seventh time this year against the dollar as part of its moves to tackle inflationary forces and
Read MoreBB disburses Tk 2.05b to capital market refinancing scheme Bangladesh Bank (BB) has disbursed Tk 2.05 billion to the capital market refinancing scheme to enhance liquidity support in the capital market through market operators, officials said. The central bank on Thursday disbursed the fund on receipt of a letter from
Read MoreVAT on locally-made mobile phones, fridges on cards The government has decided to levy VAT on those industries to make them more competitive in the market. The National Board of Revenue (NBR) has proposed imposing a 5% VAT on locally-manufactured mobile phones and refrigerators from next fiscal year, according to
Read MoreBanks asked not to quote higher than BC selling rate The central bank on Tuesday issued a fresh directive for quoting rates to the overseas exchange houses engaged in remitting money, aimed at reining in volatility on the forex market. The authorised dealer (AD) banks have been asked not to
Read MoreStocks rebound strongly after eight-day slump Stock market rebounded strongly Monday, snapping an eight-day slump, as bargain hunters put fresh bets on stocks, riding on the government’s moves to revamp the ailing market. Market insiders said the stock market regulator and the finance ministry took a number of initiatives to
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