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Friday, April 19, 2024
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According to data from Bangladesh Bank, the weighted average rate on deposits offered by banks reached 4.41 percent in May, marking the highest rate in a year. Just a month earlier, the average interest rate stood at 4.38 percent.
Economy

Bangladeshi Banks Gradually Raise Deposit Rates Amid Inflation Surge

The InCAP Desk - 0
In response to the stubbornly high inflation and a lack of savers' appetite, banks in Bangladesh have taken measures to gradually raise interest rates...
Singapore Tightened Monetary Policy to Control Inflation
Finance

Singapore Tightened Monetary Policy to Control Inflation

The InCAP Desk - 0
The impact of the Russia-Ukraine war has more or less affected all countries. Singapore is not left out. Due to the effect of this...