Bangladesh Bank: The Central Bank of Bangladesh
Official Website of the Central Bank
The Bangladesh Bank is the central bank of the People's Republic of Bangladesh. It was established in 1971, and its main objective is to promote economic and financial stability in the country. The bank also manages the country's monetary system, regulates the banking sector, and acts as the government's banker.
National Economic Data and Reports
The Bangladesh Bank publishes various economic data and reports on its website. These include information on inflation, GDP, foreign exchange reserves, and other key economic indicators. The bank also publishes periodic reports on the banking sector, financial markets, and the economy as a whole.
Monetary Policy Stance and Objectives
The Bangladesh Bank announces its monetary policy stance and objectives on its website. The stance refers to the direction of monetary policy, such as whether it is expansionary or contractionary. The objectives refer to the specific goals that the bank is trying to achieve, such as price stability or economic growth.
License Application Portal
Businesses can apply for licenses from the Bangladesh Bank through its License Application Portal. The portal allows businesses to submit applications for various types of licenses, including banking licenses, foreign exchange licenses, and investment licenses.
2016 Cyber Heist Attempt
In 2016, a mysterious syndicate attempted to steal $951 million from the Bangladesh Bank. The attack was unsuccessful, but it highlighted the importance of cybersecurity for financial institutions. The Bangladesh Bank has since taken steps to strengthen its cybersecurity measures and prevent future attacks.
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