Dhaka, Bangladesh (BBN)– The central bank of Bangladesh withdrew BDT 25.90 billion from the market on Monday using its bills, officials said.
A total of 15 bids of 07-Day Bangladesh Bank (BB) Bill amounting to BDT 23.90 billion were offered and all the bids were accepted.
The rate of weighted average yield of the accepted bids was 2.97 per cent, according to the auction result.
On the other hand, a bid of 30-Day BB Bill amounting to BDT 2.0 billion was offered and the bid was accepted. The rate of weighted average yield of the accepted bid was 2.97 per cent.
Earlier on April 06, the central bank issued two more its bills – 07 Day BB Bill and 14-Day BB Bill– for implementation of the monetary policy with effective liquidity management.
The central bank of Bangladesh reintroduced 30-Day and 91-Day Bangladesh Bank Bills in October 2006 as monetary policy instruments following decision that the government treasury bills and the bond auctions are exclusively used for the government debt management.
However, the auction of 91-Day Bangladesh Bank Bills was discontinued to avoid duplication with 91-Day Treasury Bills from January 8, 2008.
BBN/SSR/AD