The Key Points of Bangladesh's Monetary Policy For July To December 2023
The Key Points of Bangladesh's Monetary Policy For July To December 2023
1. **Objective**: The primary goal is to control inflation and maintain a stable business environment.
2. **Policy Stance**: The policy will be contractionary, aiming to reduce overall demand in the
economy.
4. **Policy Interest Rate**: The target policy interest rate is set at 6.50 percent with a symmetric
corridor of ±200 basis points.
5. **Interbank Rates**: The interbank call money rate will closely align with the policy rate to ensure
stability.
6. **Lending Rates**: Lending activities for all purposes will be conducted at SMART plus a margin (3.00
percent for banks and up to 5.00 percent for non-bank financial institutions).
8. **Additional Fee**: Lending activities for CMSMEs and consumer loans may incur an additional fee of
up to 1.00 percent to cover supervision costs.
9. **Credit Card Loans**: No changes in interest rates for credit card loans.
These measures reflect the central bank's efforts to manage inflation, stabilize the financial sector, and
strengthen various aspects of the economy, including the exchange rate regime and lending practices.
It's important for businesses, investors, and individuals in Bangladesh to be aware of these policies as
they can have a significant impact on the economic environment.