Global stocks diverge
Stock markets diverged Wednesday as attention turned away from recent turbulence in tech markets to the outlook for interest rates, with the Fed and the ECB both holding their first major meetings of the year...
Tags : interest
Lending-deposit rate gap above 5pc for 10 months
The weighted average interest rate gap between deposit and lending rate in banking sector remained above 5 per cent for the past 10 consecutive months, depriving depositors of significant interest earnings...
Dual interest rates for NSCs introduced
The interim government on Wednesday introduced dual rates for the interest payment of the national savings certificates, said Finance Division officials, adding that the rates took effect from January 1...
External interest payment surges by 60pc on megaproject loans
The government鈥檚 overall interest payments grew by 21 per cent in the 2023-24 financial year largely because of a 60-per cent rise in the external interest payment against foreign loans, mostly taken for financing megaprojects by...
US tariff, rate fears rattle global stocks
Stock markets were rattled Wednesday by worries about incoming US president Donald Trump slapping tariffs on imports and the fading prospects for interest rate cuts...
Global stocks decline as Fed eyes fewer rate cuts
European and Asian stock markets slid Thursday following sharp losses on Wall Street as the Federal Reserve signalled fewer cuts to US interest rates next year...
Yen drops as BoJ maintains key interest rate
The yen fell against the dollar on Thursday as the Bank of Japan left borrowing costs unchanged and warned of uncertainty over the economic policies of US president-elect Donald Trump...
Global stocks mostly drop awaiting Fed policy update
Major stock markets mostly fell Tuesday as attention turned to the Federal Reserve鈥檚 upcoming policy decision, with traders hoping for guidance on its interest rate plans as president-elect Donald Trump prepares to take office...
Asia Pacific growth to remain steady in 2025: MEI report
The Asia Pacific region鈥檚 growth in the forthcoming year will remain at 2024 levels, according to Mastercard Economics Institute鈥檚 recently published economic outlook for the year 2025, which also forecasted that inflation and interest rates would ease offering relief to consumers and households...
BB okays Tk 3,000cr loan at 4pc interest for ICB
The Investment Corporation of Bangladesh has received approval from the Bangladesh Bank for a Tk 3,000 crore-loan at a reduced interest rate of 4 per cent, down from the initial 10 per cent...
Credit card interest rate limit set at 25pc
The Bangladesh Bank on Sunday imposed the maximum interest rate for credit card loans, setting it at 25 per cent...
S Korea surprises with 2nd successive rate cut
South Korea鈥檚 central bank cut interest rates Thursday for the second time in a row in a surprise move, citing stabilising inflation and the need to mitigate growing economic risks...
Selection that search committee makes should be transparent
A MAJOR reason that holds back the Anti-Corruption Commission from functioning independently, as stakeholders think, is the appointment of the top three officials 鈥� the chair and two commissioners 鈥� often picked up from among retired bureaucrats, close to the ruling quarters, who mostly protect partisan interests. Bureaucrats in service are also appointed on deputation to the positions of the commission鈥檚...
18 sent to jail over luring thousands with loan promises
A Dhaka court on Tuesday sent 18 individuals, including Mahbubul Alam Chowdhury, a senior joint secretary and one of the key leaders of the Ahingsa Gana-Abhyutthan Bangladesh allegedly for creating unrest by promising interest-free loans to villagers...
Gathering on false loan promise at Shahbagh foiled
The police on Monday foiled Ahingsa Gana-Abhyutthan Bangladesh鈥檚 pre-announced rally for the formulation of a law to recover embezzled and laundered money and lending interest-free loans to people with little or no capital...
Eleven detained in Lakhimpur for offering loans to attend rally in Dhaka
Eleven people have been detained in Kamalnagar upazila of Lakhimpur for their alleged bid to take some impoverished people to Dhaka with promises of interest-free loans ranging from Tk 1 lakh to Tk 1 crore for attending a rally.
Global stocks diverge as traders weigh future Fed cuts
Stock markets diverged on Thursday as investors digested US inflation data that supported the case for another interest rate cut next month, while worries over Donald Trump鈥檚 presidency clouded optimism...
No compulsory interest rate for dollar accounts
The Bangladesh Bank on Thursday withdrew the compulsory interest rate system for resident foreign currency deposit accounts, allowing banks the flexibility to set rates in direct negotiations with customers...
Russia hikes interest rates to 20-yr high
Russia鈥檚 central bank hiked interest rates to 21 per cent on Friday, taking borrowing costs to their highest level in more than two decades as Moscow鈥檚 Ukraine offensive has triggered rapid price rises at home...
Interim govt to hike savings certificates interest rates聽聽
The government will increase the interest rates of the savings certificates to attract higher investment and make up low revenue incomes.
DBA suggests review of聽demutualisation laws, reforms
The DSE Brokers Association of Bangladesh at a meeting with the Bangladesh Securities and Exchange Commission on Monday placed a number of suggestions, including a review of the exchange demutualisation laws and schemes and withdrawal of 12 per cent interest rate on margin loans, to develop the stock market...
US, Europe stocks fall on US inflation data
Shares slipped in New York and Europe Thursday as the latest US inflation report strengthened the case for a slower pace of interest rate cuts...
Businesses urge for improved business climate
Business leaders on Saturday sought better business climate in the country and said that issues like law and order situation, rising interest rates and other macroeconomic challenges must be addressed as these factors have impacted the economy negatively...
Commitment to national interest
PUBLIC support for the government after the presidential election is on the rise. The first actions of the government have been appreciated by the general public. These include the exposure of former presidential advisers and their vehicles, the investigation ordered into the visa and passport controversies not to mention the peaceful conduct of the...
Policy rate hike for long to hit pvt sector investment: DCCI
Dhaka Chamber of Commerce and Industry president Ashraf Ahmed on Saturday said that the policy of higher interest rates and tighter liquidity management adopted by the government to control inflation should be reversed after December, otherwise private sector investments would decline, hindering new job creation...
Norway central bank sees no rate cut this year
Norway鈥檚 central bank kept its key interest rate at a 16-year high Thursday and signalled it would only start cuts next year, later than its US and European peers...
Rate cut could lift consumer spirits before US elections
The US Federal Reserve鈥檚 decision to cut interest rates by half a percentage point gives consumers a much-needed psychological boost ahead of November鈥檚 presidential election...
World stocks rally
Asian and European stocks markets rallied Thursday, with a record high in Frankfurt, after the Federal Reserve announced a bumper interest-rate cut and pledged further reductions as inflation cools...
BoE holds rate steady after jumbo US cut
The Bank of England on Thursday kept its key interest rate at 5.0 per cent, deciding against consecutive cuts one day after a bumper reduction from the US Federal Reserve...
Democratisation prospects and processes
IN THE history of Bangladesh, the interests of political parties have rarely aligned with national interests. This misalignment, exacerbated by the dominance of political parties, has resulted in a severe lack of strong and credible institutions that could support fairer political practices. The public鈥檚 victory is still uncertain, given that no concrete steps have been...