Interest rates – The News Times

Ideology and Dogma Ensure Policy Disaster

Article

- Anis Chowdhury & Jomo Kwame Sundaram, IPS - October 4, 2022October 5, 2022

Central banks (CBs) around the world – led by the US Fed, European Central Bank and Bank of England – are raising interest rates, ostensibly to check inflation. The ensuing race to the bottom is hastening world economic recession. Going for broke New UK Prime Minister Liz Truss has already revived ‘supply

BB raises interest rate on borrowing from EDF

- Times Report - July 20, 2022July 20, 2022

Bangladesh Bank (BB) has raised the interest rate on borrowing from the Export Development Fund (EDF). The central bank on Wednesday fixed 1.0 per cent per annum to 1.5 per cent for Authorized Dealers (ADs) while the ADs will charge 3.0 per cent per annum on their USD loan disbursement to

Real interest rates on bank deposits turn negative

National

- Times Report - November 11, 2021November 11, 2021

Small, retired and elderly depositors with banks, who depend on the interest earned on their savings for an income, are increasingly frustrated as the real interest rate on bank deposits has turned negative. The real interest rate is the nominal interest rate adjusted for inflation. In August, the average interest rate on

Govt cuts interest rates on savings certificates

National

- Times Report - September 21, 2021September 21, 2021

The government on Tuesday reduced the interest rates on all types of savings certificates. Under the new rules, those who have invested more than Tk15 lakh in five-year savings certificates will get a 10.30 percent profit at the end of the term. If the investment is more than Tk30 lakh, the profit