To stick to a budget, track your expenses, prioritize your spending, limit unnecessary purchases, and find ways to save money. Maintaining a budget can be challenging, but it is crucial to achieving long-term financial goals. How To Stick To A Budget? Creating and sticking to a budget is essential for anyone who wants to manage… Continue reading How to Stick to a Budget: Mastering the Art of Money Management.
Author: MMP
Repo and reverse repo in Bangladesh
In Bangladesh, the repo (repurchase agreement) and reverse repo operations are vital tools employed by the central bank, the Bangladesh Bank, to manage liquidity in the banking system and influence interest rates. These operations serve as key components of the country’s monetary policy framework. In this blog post, we will delve into the details of… Continue reading Repo and reverse repo in Bangladesh
Secured Overnight Financing Rate (SOFR)
The Secured Overnight Financing Rate (SOFR) is a reference rate that serves as an alternative to the London Interbank Offered Rate (LIBOR) for U.S. dollar-denominated transactions. It was developed by the Alternative Reference Rates Committee (ARRC) in response to concerns about the reliability and robustness of LIBOR. SOFR has been more widespread after the discontinuation… Continue reading Secured Overnight Financing Rate (SOFR)
Importance of reference rates you need to know
In the complex realm of finance, where countless transactions take place every second, the need for a standardized and reliable pricing mechanism is paramount. This is where reference rates come into play. In this comprehensive blog post, we will explore why reference rates are essential, their significance in financial markets, and the benefits they provide… Continue reading Importance of reference rates you need to know
What is the reference rate?
In the vast world of finance, interest rates play a pivotal role in determining the cost of borrowing and the return on investment. However, arriving at an appropriate interest rate for financial transactions can be complex. This is where the reference interest rate comes into play. In this blog post, we will delve into the… Continue reading What is the reference rate?
SMART Reference Lending Rate in Bangladesh-Is it Really Smart?
Article by A.Y.M. Solaiman Reviwed by Mahbubur Rahman The “six-month moving average rate of treasury bills (SMART)” is a new monthly reference lending rate formula introduced by Bangladesh Bank on June 19, 2023, to be implemented in July 2023. It replaced the single-digit 6%-9% interest cap regime. The rate is fixed based on the weighted… Continue reading SMART Reference Lending Rate in Bangladesh-Is it Really Smart?