Money in Bangladesh

Bangladesh Money | Economic News & Forecasts

Bangladesh - Money

The economy likely grew robustly in the first seven months of this fiscal year, which started in July. In July–January, USD-denominated remittances increased by slightly over one-fifth in year-on-year terms, which should have stoked private consumption, although wage growth of low-paid workers only just outpaced inflation. Higher government spending on infrastructure should have also supported economic growth. However, bank lending to the private sector slowed in July–November, likely undermining investment, while exports of goods fell by around 5% in July–January. More recently, several banks have reportedly cut interest rates to implement the government’s decision to cap lending and deposit rates from 1 April at 9.0% and 6.0%, respectively; the move is intended to bolster lending.

Bangladesh - Money Data

2014   2015   2016   2017   2018  
Money (annual variation in %)16.1  12.4  16.4  10.9  9.2  

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Bangladesh Money Chart

Bangladesh Money
Note: Money, annual variation of wide money in %.

Bangladesh Facts

Value Change Date
Exchange Rate84.890.14 %Jan 01

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