The Bangladesh Bank (BB) has introduced a transaction-based reference rate in the money market to enhance transparency and efficiency. From now on, interest rates will no longer be determined solely ...

Globally, market-based lending rates are commonly benchmarked against SOFR or similar reference systems. Bangladesh Bank will ...

South Africa is reviewing the main reference rate commercial banks use to price trillions of rands of loans to clients. The South African Reserve Bank is working on the prime lending rate, it said by ...

Dhaka, April 13 -- In a move to modernise the financial landscape, Bangladesh Bank (BB) is set to transition into an era of transaction-based money market reference rates, moving away from offer-based ...