August 25, 2024

BB decides to hike policy rate by 50 basis points to 9pc

Bangladesh Bank (BB) has taken a decision to hike the policy rate by 50 basis points to 9 percent to bring down the runaway inflation.

The central bank today took the decision to raise the policy rate at a meeting of the monetary policy committee, a…

Janmashtami tomorrow

Janmashtami, one of the major festivals of the Hindu community commemorating the birth of Lord Sri Krishna, will be celebrated countrywide tomorrow with due religious fervour and gaiety.

According to the Hindu mythology, Sri Krishna was born on the …

BB raises cash withdrawal limit to Tk 4 lakh daily

Bangladesh Bank (BB) has ordered commercial banks not to allow cash withdrawals of more than Tk 4 lakh per account daily.

Earlier, the limit was Tk 3 lakh.

The central bank has hiked the limit once in each of the previous three weeks, which it impo…

BB asks banks to freeze accounts of Exim Bank chairman, wife

The Bangladesh Financial Intelligence Unit (BFIU) has asked banks to freeze the accounts of Exim Bank Chairman Nazrul Islam Mazumder and his wife Nasrin Islam.

The BFIU instructed the lenders to keep the accounts frozen for the next 30 days.

Mazumd…

Fresh rainfall may linger deadly flood: FFWC

The third spell of flood triggered by heavy rainfall and onrush water from upstream has wrecked havoc on 11 districts of the country affecting over 52 lakh people.

‘Heavy to very heavy rainfall is expected as monsoon is active in south-eastern and n…

UNHCR welcomes Prof Yunus’s commitment to support Rohingys

On the seventh anniversary of the Rohingya influx into Bangladesh, the UN Refugee Agency (UNHCR) today welcomed Bangladesh’s renewed commitment to supporting the forcibly displaced Myanmar nationals as outlined by Chief Advisor of Bangladesh’s Interi…