Foreign Banks getting the benefits of Interest Rate Spread in BD

Foreign Banks getting the benefits of Interest Rate Spread in BD

 Foreign commercial banks (FCBs) are at a plus to reap the advantages of the prevailing interest-rate unfold -- the distinction between lending rate and deposit rate -- mostly due to their lower cost of funds.

The lending rate suggests that the speed of interest that a bank charges on its loans and therefore the deposit rate is that the rate of interest that it offers to its shoppers on deposits.

The interest-rate unfold for FCBs stood at nearly nine.0 per cent in Gregorian calendar month last, in keeping with sources.

Bangladesh Bank USD Reserve crosses 1400 crore

Bangladesh Bank USD Reserve crosses 1400 crore 

The new level of foreign exchange reserves or reserve. Bangladesh Bank's foreign exchange reserve is stored as a record of all the 400 million U.S. dollars exceeded one thousand.

The situation has been such that many commercial banks really need the extra dollars. Someone crosses the line to save someone. Bangladesh Bank to buy dollars in the rules.

In money market dollars is not much demanded. Bangladeshi taka is more powerfull. U.S. dollars value is decreasing in the money market. When the powerful General - Income (remittance) and export is slightly damaged. Banking sector discouraged  mid-term credits. As a result, countries like Bangladesh dollars value retention is a challenge to the central bank. the dollar value of the central bank to keep a secret activation.