The central bank aims to gradually decrease the inflation rate to approximately five per cent in the near future from its current level of over eight per cent, Bangladesh Bank (BB) Deputy Governor Dr Md Habibur Rahman said at the divisional-level monetary policy discussion meeting in the BB, Rangpu
Agricultural loan activities in Bangladesh have seen significant growth in the first half of the FY 2025-26, with disbursement rising nearly 30 per cent and recoveries also climbing, pushing outstanding farm loans to over Tk 627 billion, official data shows. The Bangladesh Bank (BB) data revealed
The long-awaited second refinery project is set for a major overhaul as the Energy and Mineral Resources Division (EMRD) moves to rein in costs that had raised eyebrows at the highest levels of government. A revised proposal now seeks to cut Tk 44.64 billion, or 12.59 per cent, from the project's
Bangladesh's economic growth may stay stymied to 4.7 per cent in the current fiscal year for elevated inflationary pressure and delays in financial and fiscal reforms, and there's no better luck next. The International Monetary Fund (IMF) has come up with such observations after a protracted spot
Bangladesh’s economic growth is expected to rebound to 4.7 percent in both FY26 and FY27 following a recent slowdown but the economy continues to face mounting macro-financial challenges, the International Monetary Fund (IMF) has said. The IMF’s assessment came after its Execut
Bangladesh Bank (BB) today (Thursday) purchased US$55 million from five commercial banks through multiple auction methods as part of its ongoing strategy to curb the depreciation of the US dollar against the taka and revitalise the remittance and export sectors. According to central bank data,
Bangladesh Bank (BB) Governor Dr Ahsan H Mansur today (Thursday) announced that depositors of Sammilito Islami Bank will receive a maximum interest rate of 9.5 percent against their deposits starting from 2026. “The new interest rate for Sammilito Bank as a market-based, competitive rate
Bangladesh’s top bankers have urged regulators to impose tougher restrictions on chronic loan defaulters, including overseas travel bans, public disclosure of identities and exclusion from trade body elections, as the country struggles with a mounting bad-loan crisis. The Association of Bank
The National Taskforce on Restructuring the Tax System on Tuesday submitted its report to Chief Adviser Professor Muhammad Yunus, outlining specific short-and long-term recommendations aimed at raising Bangladesh’s tax-to-GDP ratio to the desired level. The report proposed necessary restruct
Inflow of remittances witnessed a year-on-year growth of 51.4 per cent reaching US$2,708 million in the first 26 days of January, according to the latest data of Bangladesh Bank (BB) issued on Tuesday. Last year, during the same period, the country's remittance inflow was $1,789 million. During t
Bangladesh Bank (BB) Governor Dr. Ahsan H. Mansur today (Tuesday) emphasized that the country’s graduation from Least Developed Country (LDC) status should be viewed not as a mere deadline, but as a drive toward achieving economic efficiency and competitiveness. “The policies req
Voicing concerns over the recent suspension of all new and existing approvals for the import of post-larvae for vannamei shrimp farming, the country's shrimp and fish exporters have urged the government to withdraw the decision. Bangladesh Frozen Food Exporters Association (BFFEA) in a statement t
Bangladesh Bank (BB) Governor Dr Ahsan H Mansur today (Monday) laid emphasis on stricter regulation and stronger enforcement to restore confidence of investors for the development of Bangladesh's corporate bond market. “Weak enforcement of rules has significantly eroded investor confidence i
