Dhaka: Bangladesh Bank (BB) has relaxed the daily cash reserve ratio (CRR) requirement for commercial banks due to persisting liquidity tightness. The central bank has cut the daily CRR maintenance requirement by 50 basis points from the existing 3.50 percent to 3.0 percent, which will come into effect from tomorrow, according to a BB circular issued today.
According to Bangladesh Sangbad Sangstha, the adjustment in the CRR aims to provide some relief to banks experiencing liquidity constraints. However, the CRR ratio after two weeks and at month-end will remain unchanged at 4.0 percent. This move is part of broader efforts to ease the liquidity situation in the banking sector.