Bangladesh cuts reverse repo rate by 50 bps to 8%

A central bank circular said under the interest rate corridor framework of the monetary policy, the standing deposit facility (SDF) has been revised downward by 50 bps from 8.5 per cent to 8 per cent for further enhancing the dynamism of the interbank money market and streamlining liquidity management, a news agency reported.

In addition, the upper bound of the policy interest rate corridor, i.e, the standing lending facility (SLF), will remain unchanged at 11.5 per cent and the overnight repo policy rate will also remain unchanged at 10 per cent.

The monetary policy department of the Bangladesh Bank recently lowered the repo rate by 50 basis points (bps) to 8 per cent.
The upper bound of the policy interest rate corridor, i.e, the standing lending facility, will remain unchanged at 11.5 per cent and the overnight repo policy rate will also remain unchanged at 10 per cent, a circular from the central bank said.

Fibre2Fashion News Desk (DS)