Market-based interest rating and free float of currencies are likely soon as the central bank's governor dropped a broad hint Sunday about such major changes on Bangladesh's money market. "We are very close to market-based interest rate…We will be very shortly moving into market-based interest rate," said the Bangladesh Bank (BB)
Tag: market-based
BB introduces market-based dollar exchange rate
Bangladesh Bank (BB) has introduced a 'market-based' US dollar exchange rate, setting a cap on the maximum rate for H1 of the new fiscal year 2023-24. The central bank is selling dollars to commercial banks at Tk108.85 per dollar, increasing Tk2.85 from the previous rate. Through the regulator selling dollars at a
Govt plans to introduce market-based forex rate
Finance Minister AHM Mustafa Kamal Wednesday said that the government is considering introducing market-based foreign currency exchange rates. "We're contemplating going for market-based foreign exchange rates. Today or tomorrow, we'll have to go for market-based trading of foreign currency," he told reporters while briefing on the outcomes of two consecutive meetings