Call money rate
December 13, 2010 00:00:00
FE Report
The inter-bank call money rate hit 40 per cent Sunday following squeezing liquidity support by the central bank, officials said.
The call rate ranged between 7.0 per cent and 40 per cent on the day against 16-32 per cent of the previous working day. However, most of the deals were settled at rates varying between 28 per cent and 33 per cent, the treasury officials confirmed.
"The call money rate has increased slightly on the day mainly due to slash liquidity support through repurchase agreement (Repo) auction by the central bank particularly for primary dealer (PD) banks and financial institutions," a senior treasury official of a private commercial bank (PCB) told the FE.
The central bank of Bangladesh earlier selected 15 PDs - 12 banks and three NBFIs - to handle government securities in the secondary market.
On Sunday, the Bangladesh Bank (BB) received 15 bids of one- day tenor amounting to a total of Tk 33.3931billion.