Argentina's economic activity likely expanded 5.8% year-on-year in May, marking its eighth-consecutive month of growth, according to the median forecast in a Reuters poll. The poll of 11 local analysts showed an average forecast for 5.9% growth in Latin America's third-largest economy, with estima
The country’s short-term foreign debt declined by 7.42 per cent year-on-year, driven by higher repayments than new borrowing amid ongoing political and economic uncertainties. Latest data from Bangladesh Bank (BB) on Thursday shows outstanding short-term loans stood at $10.22 billion at the
Deposit growth in Bangladesh’s banking sector has further slowed down in May. According to Bangladesh Bank data, it stood at 7.73 per cent at the end of May. Deposit growth was 8.21 per cent in April and 8.51 per cent in March. Many banks are currently offering interest rates of 9-11 per c
Bangladesh Bank’s foreign currency reserves have edged up after the central bank bought nearly half a billion dollars from commercial banks through two auctions this week, the first of their kind in the country. On Wednesday, Arief Hossain Khan, the central bank spokesperson, said the countr
Bangladesh's overall external debt rose by around 6.0 per cent to US$104.76 billion in March 2025, which was around $6.0 billion higher from the corresponding period a year ago when the volume was $98.93 billion, according to the latest data from the Bangladesh Bank. The rise is mainly attributed
S&P Global Ratings, one of the world's three major credit rating agencies, has retained Bangladesh's banking sector in one of its highest risk categories in its midyear Banking Industry Country Risk Assessment (BICRA). In its latest report released on July 16, the global agency rated Bangladesh's
Newly appointed World Bank Vice President for South Asia Johannes Zutt extended Bank's strong support for Bangladesh's inclusive growth and appreciated Chief Adviser Professor Muhammad Yunus-led interim government's reform agenda in the economic sector, officials said. A spokesperson for the CA Of
In a renewed effort to stabilise the exchange rate of the US dollar against the Bangladesh Taka (BDT), the central bank stepped into the foreign-exchange market once again on Tuesday, with a buy of US$313 million through an auction. This marked the Bangladesh Bank's (BB) second intervention in jus
In a move to strengthen the implementation of the Universal Pension Scheme, the National Pension Authority (NPA) signed Memorandum of Understanding (MoU) with 17 private banks on Monday. The deal aims to streamline registration, contribution collection, and API (Application Programming Interface)
None but apparel, leather crosses billion-dollar earnings Bangladesh misses out on trade opportunities for tardy export diversification as not a single sector save apparel and leather could cross billion-dollar-earning mark over the years, analysts remind at this time of marketing-
The call-money market's vibrancy continues to wane as trust deficit in the banking sector prompts the switch of the affluent banks' surplus funds to the state-secured standing deposit facility (SDF) despite lower gains. Because of the switch, the volume of cash deposits in the SDF continued balloo
Yields on treasury bills (T-bills) dropped significantly on Sunday, as banks opted to park their excess liquidity in risk-free government instruments amid subdued private sector credit demand. The cut-off yield, commonly referred to as the interest rate, on the 91-day T-bills fell to 11.58 per cen
Bangladesh Bank (BB) has asked the banks concerned to comply with international rules and regulations in import-export transactions based on sales contracts. If the transactions are done through the documentary collection method, banks must follow the internationally recognised 'Uniform Rules for
