Formal credit growth for private sector plummeted to a historical low of 4.72 per cent as per latest data available up to March, indicating holdback in economic pickup for multiple adversities. Such ebb tide in investment credits is attributed to banks becoming more c
In a bid to maintain stability in the foreign exchange market, Bangladesh Bank (BB) on Tuesday purchased $85 million from six commercial banks. The central bank fixed the cut-off rate for the transaction at Tk 122.75 per US dollar, according to relevant sources at Bangladesh Bank. With this lates
Bangladesh and the United States have reaffirmed their commitment to further strengthening bilateral partnership in various areas of mutual interest. The reaffirmation came during a meeting between State Minister for Foreign Affairs Shama Obaed Islam and US Assistant Secretary of State for South a
Government's highest economic-policy body Monday endorsed an ambitious Tk3.0-trillion annual development programme (ADP) for the upcoming fiscal year with nearly one-third of the money earmarked as block allocations. Economists forewarn that such huge block allocations could create room for misuse
Bangladesh Bank (BB) has purchased $100 million from six commercial banks, marking the highest single-day greenback purchase by the central bank in May. The dollars were bought at a rate of Tk 122.75 each on Monday, according to data released by the regulatory body. Earlier, the highest single-da
