Bangladesh's forex reserves stand at $19.46b after ACU pay
The gross foreign exchange reserve in Bangladesh, according to the guideline of the International Monetary Fund, has dropped to $19.46 billion after the payment of import bills...
Tags : reserve
Promises and pitfalls
THE Offshore Banking Act 2024 that was enacted in March marks a significant transformation in the country鈥檚 financial sector. This legislative measure aimed at increasing foreign currency reserves can attract international investment and facilitate the modernisation of the banking sector. However, it creates a complicated set of strategic imperatives...
US Fed to start cutting rates
Federal Reserve chair Jerome Powell said Friday that the 鈥榯ime has come鈥� for the United States to start cutting interest rates,聽adding that his 鈥榗onfidence has grown鈥� that the...
Global stocks diverge ahead of Powell speech
Stock markets were mixed Tuesday as investors treaded water ahead of a key speech by US Federal Reserve chief Jerome Powell that could provide more hints of an interest rate cut...
US consumer inflation sees smallest annual rise since 2021
US consumer inflation eased slightly in July, according to government data published Wednesday, its smallest 12-month increase since March 2021 and a positive sign for the Federal Reserve as it weighs cutting interest rates...
US inflation still 鈥榰ncomfortably鈥� high: Fed official
US inflation remains 鈥榰ncomfortably鈥� above the Federal Reserve鈥檚 target despite the progress it has made in recent months, a senior bank official said Saturday...
Finance div prepares economic report for finance adviser
The Finance Division has prepared an update about the economy highlighting the prevailing high inflation and falling forex reserves to submit to the finance adviser of the newly formed interim government led by Nobel laureate Muhammad Yunus...
Forex reserve dips by $1.3b in a month
Bangladesh鈥檚 foreign exchange reserves, according to International Monetary Fund guidelines, plunged by $1.3 billion (more than Tk 15,000 crore) in July compared with that in the...
World stocks diverge before key earnings, rate calls
Leading equity markets traded mixed Tuesday before the week鈥檚 slew of interest-rate decisions and earnings from tech titans...
Global stocks advance, Tokyo tanks as yen rebounds
Global stock markets mostly advanced on Friday as traders increasingly expect聽the US Federal Reserve to cut interest rates.
Europe stocks advance after Wall Street records
Europe鈥檚 stock markets rose Wednesday following a record-breaking Wall Street performance after US Federal Reserve chief Jerome Powell hinted at interest-rate cuts later this year...
Europe stocks drop before Powell鈥檚 Fed testimony
Europe鈥檚 main stock markets slipped Tuesday as investors tracked new political landscapes in France and Britain and looked ahead to testimony from Federal Reserve chief Jerome Powell...
Increased export earnings, remittance, FDI needed to increase forex reserve: experts
Experts at a seminar on Sunday stressed on boosting revenue collection by expanding the tax net which would enable the government to borrow less from the...
Breakthrough likely in China support for Bangladesh鈥檚 forex reserve: envoy
The Chinese ambassador to Bangladesh, Yao Wen, on Thursday said that prime minister Sheikh Hasina鈥檚 forthcoming visit to China was expected to make a...
Dollar crunch compels BB to sell $12.8b to banks in FY24
The Bangladesh Bank sold $12.8 billion from its foreign exchange reserves to banks in the just concluded financial year 2023-24 amid a severe dollar crisis in the country鈥檚 financial sector...
Bangladesh鈥檚 int鈥檒 reserves over $16b: BB
Bangladesh Bank on Tuesday confirmed that the country鈥檚 international reserves have now surpassed $16 billion, with gross reserves totalling around $26 billion....
Forex reserve rises to $22b on foreign loans
The foreign exchange reserves in Bangladesh, according to the International Monetary Fund guidelines, increased to nearly $22 billion on June 27 from $18.64 billion in May...
All major US banks pass Fed鈥檚 2024 鈥榮tress test鈥�
All 31 big US banks have passed the Federal Reserve鈥檚 annual 鈥榮tress test鈥櫬燿esigned to assess how well they would fare in a major financial crisis, the US central bank said Wednesday, while warning that losses would be higher than last year...
Dollar holding in banks drops for 4th straight month
The foreign currency reserves held by Bangladesh鈥檚 commercial banks have declined for the fourth consecutive month in May, driven by a severe shortage of...
Checking inflation biggest challenge in FY25: EAB
The Exporters Association of Bangladesh on Tuesday said that controlling inflation would be the biggest challenge in the upcoming financial year as foreign currency reserve of the country had depleted...
India central bank holds rates as inflation risks linger
India鈥檚 central bank kept interest rates unchanged for the eighth time in a row on Friday, as inflation risks continue to linger in the world鈥檚 fifth-largest聽economy.聽...
Global stocks retreat, Mumbai tumbles 7pc
Stock markets fell Tuesday as investors worried that headwinds are gathering for the US聽economy, outweighing hopes that recent weak data would prompt the Federal Reserve to start cutting interest rates...
CID to submit charge sheet within 2 months
Additional inspector general of police of Criminal Investigation Department Mohammad Ali Mia on Sunday said that CID would submit the charge sheet of the Bangladesh Bank reserve heist after...
Capacity for meeting foreign debt obligations falling
The foreign exchange reserve to foreign debt ratio dropped substantially in the past couple of years, indicating that the country has a smaller cushion of...
Govt mustn鈥檛 walk back austerity steps amidst economic decline
THE government鈥檚 plan to walk back austerity measures, even if partly, in the national budget for the 2025 financial year only because the measures that have been in place have failed to produce result appears impractical. Such a proposition of reversal would...
Global stocks diverge as US rate cut hopes diminish
Wall Street swung higher but European stocks fell on Friday as investors fret over data suggesting the US Federal Reserve could keep interest rates higher for longer...
Forex holding by banks hits 14-month low
The volume of foreign currencies held by the country鈥檚 commercial banks hit a 14-month low in April due to increased demand, driven by a severe shortage of dollars...
High inflation reduces forex reserves: BBTA study
High inflation reduces foreign exchange reserves, as more reserves are necessary to stabilise the foreign exchange market and cool down inflation, according to a research paper by officials of the Bangladesh Bank...
Bangladesh Bank refutes Indian newspaper鈥檚 claim of new forex reserve heist
Bangladesh Bank rejected claims of a new heist of foreign exchange reserves reported by an Indian newspaper.
Bangladesh's net forex reserve plunges to $13.8b
The net foreign exchange reserves in Bangladesh, as per International Monetary Fund guidelines, fell to $13.76 billion, with the gross reserves dropping to $18.26 billion on May 12, marking a 10-year low, according to Bangladesh Bank data...