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• No. 252Tue · 13 Oct 2026Energy supply, not the cost of money, is setting the market's direction.
• No. 251Mon · 12 Oct 2026Cheap money has nowhere to go.
• No. 250Sun · 11 Oct 2026Today's leads are dominated by the cost of repairing the banking system.
• No. 249Sat · 10 Oct 2026Today's brief is a dollar-financing story.
• No. 248Fri · 09 Oct 2026Bangladesh Bank held the policy rate at 9.5% while funding eased beneath it — call money at 7.69%, DOMMR at 7.81%, a series low.
• No. 247Wed · 07 Oct 2026The external account holds on the strength of one line: remittance.
• No. 246Tue · 06 Oct 2026The curve has done the easing; the equity tape has not followed.
• No. 245Mon · 05 Oct 2026The DSEX slipped 0.89% to 5,482.36 on 4 Oct, a 7-session low, with 291 stocks falling against 66 advancing and turnover of just BDT 543cr.
• No. 244Sun · 04 Oct 2026The rate corridor has done its work — the 364-day T-bill cut off at 8.95% on 28 Sep against 10.09% in July, call money sits at 8.33%, and the policy rate holds at 9.50% — yet equities are not following the money.
• No. 243Sat · 03 Oct 2026Equities keep losing the contest with cash.
• No. 242Fri · 02 Oct 2026The week's throughline was fiscal supply: the government set a Tk30,107cr borrowing calendar for October-December, while banks held NPL at 32.78% and capital at a Q3 2025 read of 1.56%.
• No. 241Thu · 01 Oct 2026Remittance printed $2.97bn on the provisional September flash from Bangladesh Bank, extending the run of inflows that has lifted gross reserves to $37.35bn on the August read and held import cover at 5.51 months on July data.
• No. 240Wed · 30 Sept 2026Bangladesh Bank delivers its first quarterly MPS today into a curve that has already done the easing for it.
• No. 239Tue · 29 Sept 2026Brent has run from $73.35 in early July to $97.98, and this week's leg higher followed Washington's rejection of an Iran peace proposal.
• No. 238Mon · 28 Sept 2026Remittance is carrying the external account, and the Aug flash says so: $2.97bn, up about 22.6% on the same month a year ago.
• No. 237Sun · 27 Sept 2026The Iran war has carried Brent to $104.32, up from $73.23 in late June and just below the $108.35 peak, and that single move now anchors the Bangladesh macro read.
• No. 236Sat · 26 Sept 2026The banking book leads today.
• No. 235Fri · 25 Sept 2026The throughline was policy calm over structural strain.
• No. 234Thu · 24 Sept 2026The rates story is doing the work today.
• No. 233Wed · 23 Sept 2026The yield curve has fallen hard: the 364-day T-Bill cut off at 8.47% on 21 Sep, down from 10.09% in July, and the 10-year bond sits at 8.54%.
• No. 232Tue · 22 Sept 2026The rate curve has repriced hard — 364d T-bill cut-offs fell to 8.47% from 10.09% in July, the 10y govt bond to 8.54%.
• No. 231Mon · 21 Sept 2026Remittance is doing the heavy lifting on the external account.
• No. 230Sun · 20 Sept 2026Brent at $103.87 and WTI at $100.30 hold crude above $100, a level that lands directly on Bangladesh's import bill.
• No. 229Sat · 19 Sept 2026Brent has pushed to $98.63/bbl, up from $80.59 in late June, and WTI sits at $95.44 — a move that lands squarely on an economy that imports its fuel.
• No. 228Fri · 18 Sept 2026Cheaper money was the week's throughline.
• No. 227Thu · 17 Sept 2026Yields have fallen hard across the curve — the 364-day T-Bill cut-off is down to 8.42% from 10.09% in July, and the 10-year bond sits at 8.54% — yet the DSEX closed at 5,494, essentially where it stood a year ago (5,492).
• No. 226Wed · 16 Sept 2026The short end has done the work.
• No. 225Sat · 12 Sept 2026The banking book, not the oil price, sets the tone today.
• No. 224Fri · 11 Sept 2026The week's throughline was banking-sector strain: ten banks hold over 72% of Tk6 lakh cr in defaults, one Islami bank saw Tk1,040cr withdrawn in three days, and NPLs sat at 32.78% for Q2 2026.
• No. 223Thu · 10 Sept 2026Remittance is carrying the external account.
• No. 222Wed · 09 Sept 2026The curve has eased and the equity tape has not.
• No. 221Tue · 08 Sept 2026Yields have come down hard: the 91-day T-bill cut off at 8.59% on 7 Sep, from 9.79% in July, and the August print put headline inflation at a 10-month low of 8.26%.
• No. 220Mon · 07 Sept 2026The equity market is now pricing the banking system's bad-loan problem.
• No. 219Sun · 06 Sept 2026Worker remittance is carrying the external accounts.
• No. 218Sat · 05 Sept 2026The banking system's non-performing loan ratio stood at 32.78% in the Q2 2026 print, and the stress stays concentrated — reporting this week put more than BDT 2.0tn of stuck loans across 20 state-run banks and financial institutions.
• No. 217Fri · 04 Sept 2026Bangladesh Bank widened its small-business lending push — the Udyog collateral-free scheme opens 16 September and pre-finance loans disburse this month.
• No. 216Thu · 03 Sept 2026The signal today is the curve, not the tape.
• No. 215Wed · 02 Sept 2026August delivered on the external line.
• No. 214Tue · 01 Sept 2026The day's file leans credit-cycle.
• No. 213Mon · 31 Aug 2026July's foreign debt repayments ran ahead of disbursements — servicing near 2.5 times what came in — and that bill draws on the reserve buffer that read $36.42bn on the 31 Jul print, near 4.85 months of import cover on the Jun read.
• No. 212Sun · 30 Aug 2026Asset quality remains the system's defining strain: non-performing loans stood at 32.26% in the Q1 2026 print, against a capital ratio of 1.56% on the older Q3 2025 read — a cushion with little room to absorb further stress.
• No. 211Sat · 29 Aug 2026The credit cycle in Bangladesh is turning on the asset side, not the demand side.
• No. 210Fri · 28 Aug 2026The week's throughline was a system managing strain, not clearing it.
• No. 209Thu · 27 Aug 2026Remittance did the heavy lifting again in July, landing at $2.86bn and holding the run that has funded the external account through a structural goods deficit.
• No. 208Wed · 26 Aug 2026The equity market is the clearest read this issue on a system holding money it will not deploy.
• No. 207Tue · 25 Aug 2026The earned-dollar side is losing altitude just as the oil claim on it widens.
• No. 206Mon · 24 Aug 2026The earned-dollar side is losing altitude as the oil claim widens.
• No. 205Sun · 23 Aug 2026The earned-dollar side is losing altitude as the oil claim widens.
• No. 204Sat · 22 Aug 2026The dollar runway is narrowing from both ends.
• No. 203Fri · 21 Aug 2026Liquidity was everywhere and wanted nowhere all week.
• No. 202Thu · 20 Aug 2026Liquidity is everywhere and wanted nowhere.
• No. 201Tue · 18 Aug 2026The taka firms on the wrong engine.
• No. 200Mon · 17 Aug 2026The taka is strong for the wrong reason.
• No. 199Sun · 16 Aug 2026The credit cycle is turning where the economy earns its dollars.
• No. 198Sat · 15 Aug 2026The external account is running on a thinning buffer, and the earned-dollar side is the weak link.
• No. 197Fri · 14 Aug 2026Transmission was the week's signal — the 30 July cut reached the curve, then stalled at the bank door.
• No. 196Thu · 13 Aug 2026The equity breakout stalled at its first test.
• No. 195Wed · 12 Aug 2026The external runway is the story the headline disinflation hides.
• No. 194Tue · 11 Aug 2026Dhaka's tape bounced without believing it.
• No. 193Mon · 10 Aug 2026The external account holds — but on borrowed strength, not earned.
• No. 192Sun · 09 Aug 2026The credit cycle showed both its damage and its management on one tape.
• No. 191Sat · 08 Aug 2026The regulator has stopped watching.
• No. 190Sat · 08 Aug 2026The fresh tape runs external: Brent +$1 to $82.76 on Iran-war uncertainty, gold at a record $4,403 on Hormuz risk — the Gulf premium is back in the import bill just as it looked to fade.
• No. 189Sat · 08 Aug 2026The peg's load-bearing wall is remittance, and it is holding — $2.82bn in July, +15.8% YoY, a $1.05bn cushion over the $1.77bn trade gap.
• No. 188Fri · 07 Aug 2026The banking book stayed frozen all week — NPL held 32.26% on the Q1 print, CAR 1.56%, private credit a 33-year-low 4.98% — while the gas crunch idled a fifth of garment factories.
• No. 187Thu · 06 Aug 2026Remittance carries the external account — and the strain now shows at the source.
• No. 186Wed · 05 Aug 2026Remittance is now the external account's load-bearing leg.
• No. 185Tue · 04 Aug 2026The July rate spike has fully unwound: the 364d bill cut to 9.54% from 10.09% and call money to 9.48%, the whole front back at the 9.50% policy anchor in one auction.
• No. 184Mon · 03 Aug 2026The squeeze today is on the financing account, not the current one.
• No. 183Sun · 02 Aug 2026The pressure today runs through the trade channel, not the policy one.
• No. 182Sat · 01 Aug 2026The banking lens today is the one the rate cut can't reach.
• No. 181Fri · 31 Jul 2026The week's pivot was a rate cut: BB took the policy rate 50bp to 9.5%, its first move off the 10% April hold, into a slowing economy — development spending at a 53-year low, ADP a record 67.52%.
• No. 180Thu · 30 Jul 2026The reclaim found its volume.
• No. 179Wed · 29 Jul 2026The floor held after all.
• No. 178Tue · 28 Jul 2026The floor gave way.
• No. 177Mon · 27 Jul 2026The external math got a harder ask today.
• No. 176Sun · 26 Jul 2026The default line has jumped the fence.
• No. 175Sat · 25 Jul 2026Brent broke $100 — $20.38 above the $80 line FY27 budgeted — and the adjustment runs through the external cushion, not the rate.
• No. 174Fri · 24 Jul 2026The week's driver sat on the energy flank, not the banking book.
• No. 173Thu · 23 Jul 2026DSEX took 41 points to 5,898.96, and this time the money showed up — turnover Tk1,129cr against Tk967cr, with 294 stocks advancing to 58 falling.
• No. 172Wed · 22 Jul 2026Brent gave back $1.85 to $89.11 — the first easing of the run, and still $9.11 above the $80 line FY27's import math assumed.
• No. 171Tue · 21 Jul 2026Brent cleared $90.96 — $10.96 above the $80 line FY27's math assumed — and it lands on an economy that just printed 2.22% Q3 growth with industrial output shrinking for the first time in six years.
• No. 170Mon · 20 Jul 2026The mid has not moved; everything financing it has.
• No. 169Sun · 19 Jul 2026The external bill is rebuilding on two fronts at once.
• No. 168Sat · 18 Jul 2026The peg is steady; its defenses are thinning.
• No. 167Fri · 17 Jul 2026Throughline: a sovereign under lengthening shadow.
• No. 166Thu · 16 Jul 2026The pin held, but its cost side kept climbing.
• No. 165Wed · 15 Jul 2026The pin held, but the runway's flanks turned.
• No. 164Tue · 14 Jul 2026The taka slipped even as the flows firmed.
• No. 163Mon · 13 Jul 2026The FX buffer is now held up by external credit, not the current account.
• No. 162Sun · 12 Jul 2026The credit machine is seizing, and today's front pages read like a symptom list.
• No. 161Sat · 11 Jul 2026The soft month arrived.
• No. 160Fri · 10 Jul 2026Growth doubt hardened: ADB cut FY27 to 4.5%, echoing HSBC's 4.4%, as Q1 FDI fell 70%.
• No. 159Thu · 09 Jul 2026The reserve runway reads calm — $34.55bn gross, net past $33bn, the mid pinned at USD/BDT 122.85 — and today the capital account helps: the financial account swung to a $4bn eleven-month surplus, a cushion the current account cannot supply.
• No. 158Mon · 06 Jul 2026The reserve line still reads calm — $34.55bn gross, net past $33bn — but today names who rents it: Bangladesh has locked $3.3bn of ITFC fuel-and-fertiliser financing for the year, stacking the offshore service line as China holds top private-creditor rank.
• No. 157Sun · 05 Jul 2026The reserve line reads calm — $34.55bn gross, net past $33bn — but calm is bought, not banked.
• No. 156Sat · 04 Jul 2026Reserves crossed $33bn net — a milestone financed, not earned.
• No. 155Fri · 03 Jul 2026FY27 opened with the external account still binding.
• No. 154Thu · 02 Jul 2026FY27's second day, and the runway is still leased.
• No. 153Wed · 01 Jul 2026FY27 opens with the runway still leased.
• No. 152Tue · 30 Jun 2026The gauge finally moved.
• No. 151Mon · 29 Jun 2026The runway lengthens, but every new metre is leased.
• No. 150Sun · 28 Jun 2026The runway is rented, not earned.
• No. 149Sat · 27 Jun 2026The runway is shorter than the headline.
• No. 148Fri · 26 Jun 2026The week's spine was debt.
• No. 147Thu · 25 Jun 2026Reserves crossing $36b reads like a buffer rebuilt; it is borrowed time.
• No. 146Wed · 24 Jun 2026A quiet data day, a loud financing one.
• No. 145Tue · 23 Jun 2026The squeeze sits in the cover, not the fix.
• No. 144Mon · 22 Jun 2026The runway is thinning where it shows least — the official mid.
• No. 143Sun · 21 Jun 2026The banking system's problem is capital, not labels.
• No. 142Fri · 19 Jun 2026The week belonged to the budget.
• No. 141Thu · 18 Jun 2026The day after the budget, the question is the financing, not the spending.
• No. 140Wed · 17 Jun 2026The peg holds at USD/BDT 122.75, but the external cushion is thinning.
• No. 139Tue · 16 Jun 2026Budget day, and the story is financing, not spending.
• No. 138Mon · 15 Jun 2026The day's hard print is the FX line, not the budget noise.
• No. 137Sun · 14 Jun 2026Day three of the budget belongs to the debt math, not the giveaways.
• No. 136Sat · 13 Jun 2026The budget cleared; the capital hole did not.
• No. 135Fri · 12 Jun 2026The budget owned the week.
• No. 134Thu · 11 Jun 2026The FY27 budget lands today at Tk 9.38tn, and the financing line is the desk read: the plan tilts borrowing offshore — more abroad, less at home — easing the crowding-out that BDT 1.25tn of YTD bank borrowing built.
• No. 133Wed · 10 Jun 2026Yesterday's rollover did not hold.
• No. 132Tue · 09 Jun 2026The fresh high held one session.
• No. 131Mon · 08 Jun 2026The board made a fresh high — and the trade under it just cracked.
• No. 130Sun · 07 Jun 2026The board's breakout was a rates trade — and May inflation just questioned it.
• No. 129Sun · 07 Jun 2026The board confirmed its breakout, and it is a rates trade.
• No. 128Fri · 05 Jun 2026Banking owned the week's one real print — NPL fell 347bp to 32.26%, yet CAR held 1.56%; capital never followed.
• No. 127Thu · 04 Jun 2026Budget week opens with the sovereign's funding gap widening, not closing.
• No. 126Thu · 04 Jun 2026The front-end step-down is doing its work on the board.
• No. 125Wed · 03 Jun 2026The credit cycle finally printed a number — system NPLs jumped Tk 31,487cr in one quarter to Tk 5.89tn, the ratio at 35.73% against a CAR of 1.56%, 844bp below the floor.
• No. 124Tue · 02 Jun 2026May remittance landed at $3.42bn — up from $3.13bn, the liquidity engine keeping the runway open: reserves hold $35.11bn, USD/BDT anchored at 122.75, import cover 5.86 months.
• No. 123Mon · 01 Jun 2026Brent eased to $92.05 — $19 below the May peak — but the domestic fuel bill moved the other way: fuel-oil up Tk5/litre, a cost shock landing just as disinflation took hold (CPI 12m-avg 8.6%, non-food still 9.09%).
• No. 122Sun · 31 May 2026Post-Eid, the tape reopens and the lead is ambition, not arithmetic — the GoB pencils $51bn reserves by FY27 against $35.1bn now, a near-$16bn climb.
• No. 121Sat · 30 May 2026Credit cycle frozen, not turning — NPL holds 35.73% a third straight quarter, CAR at 1.56% sits 844bp below the 10% floor.
• No. 120Fri · 29 May 2026Fiscal strain led — govt bank borrowing at BDT 0.92tn crossed the annual ceiling in nine months, NBR trailing at BDT 2.88tn.
• No. 119Thu · 28 May 2026Brent at $92.41 — another $0.89 off — extends the demand-driven correction that has now wiped $19 from the May $111 peak.
• No. 117Wed · 27 May 2026Brent holds at $94.11 — flat from yesterday's $6 crash, $17 below the May peak.
• No. 116Tue · 26 May 2026Brent crashed through $100 to $94.11 — down $6.10 from Sunday and $17 below the May peak.
• No. 115Mon · 25 May 2026DSEX inched to 5,336 (+0.14%) on BDT 779cr — turnover down 14% from Saturday's BDT 902cr as the BDT 60,000cr rescue fund bounce faded.
• No. 114Sun · 24 May 2026BB launched a BDT 600B refinancing facility — the largest credit intervention since the crisis deepened — and barred banks below BDT 2,000cr paid-up capital from cash dividends.
• No. 113Fri · 22 May 2026Banking locked — NPL 35.73%, CAR 1.56%, credit 6.03% unmoved all week.
• No. 112Thu · 21 May 2026DSEX at 5,212 on BDT 676cr — turnover stuck at multi-week lows, no institutional bid in sight.
• No. 111Wed · 20 May 2026DSEX at 5,212 — up 8.5 points on BDT 676cr, the thinnest tape in weeks.
• No. 110Tue · 19 May 2026DSEX at 5,203 — down 23 points, breadth collapsing to 83/255 on BDT 726cr turnover.
• No. 109Mon · 18 May 2026DSEX at 5,226 — Saturday's breadth flip reversed in one session, decliners dominating 228/119 on 13% lower turnover at BDT 868cr.
• No. 108Sun · 17 May 2026DSEX at 5,245 — index flat but internals flipped.
• No. 107Fri · 15 May 2026Fitch went negative on BD Wednesday — first rating action tying Iran-war spillover to external-position stress.
• No. 106Thu · 14 May 2026Fitch revises Bangladesh's outlook to negative — the first rating action explicitly linking Middle East spillover to BD's external position.
• No. 105Wed · 13 May 2026DSEX bounces to 5,230 — up 25 points, snapping three straight declining sessions.
• No. 104Tue · 12 May 2026DSEX slides to 5,205 — third consecutive declining session, now 52 points below the April 21 close.
• No. 103Mon · 11 May 2026DSEX slides to 5,221 — down 13 points, second consecutive declining session with breadth at 161/194 and turnover compressing to BDT 727cr.
• No. 102Sun · 10 May 2026The 5Y at 10.75% reverses yesterday's round-trip in a single session — Monday's +52bp spike was the signal, the mid-week rally the head-fake.
• No. 101Sat · 09 May 2026The week closes with Brent at $100.49 — down $13.51 from Monday’s $114 peak, the sharpest weekly oil retreat since the Iran escalation.
• No. 100Fri · 08 May 2026Oil's $11 collapse dominated the tape — Brent dropped from $114 on Monday to $102.63 by Friday, mechanically reducing the energy LC bill.
• No. 099Fri · 08 May 2026Five sessions told one story: energy relief.
• No. 098Fri · 08 May 2026Banking remained frozen — NPL at 35.73% and CAR at 1.56% for seven straight prints.
• No. 097Fri · 08 May 2026Three fronts defined the week — CPI breached 9.04% on energy pass-through, NPL froze at 35.73% for a seventh print, and $34.12B reserves await a $1.51B ACU drain.
• No. 096Fri · 08 May 2026The week opened with Brent at $114 and a 52bp yield spike — and closed with oil at $102.63 and the 5Y back at 10.23%.
• No. 095Thu · 07 May 2026Trade gap widens to $3.14B — up 24% — and the $1.51B ACU payment for March-April is about to strip reserves toward $32.6B.
• No. 094Wed · 06 May 2026April CPI at 9.04% — the first breach above 9% since the Iran-war shock — forecloses rate relief for a banking sector carrying 35.73% NPL and 1.56% CAR on Q4 prints.
• No. 093Wed · 06 May 2026April CPI at 9.04% breaks above 9% for the first time in eight months — Iran oil pass-through shutting the last door on rate relief for a sector carrying 35.73% NPLs and 1.56% CAR.
• No. 092Wed · 06 May 2026NPL at 35.73% and system CAR at 1.56% remain the defining prints of this credit cycle — unchanged since Q4 2025 because no mechanism exists to move them.
• No. 091Tue · 05 May 2026Government debt crossing Tk 22 lakh crore today eliminates the last credible path to sovereign-funded bank recapitalisation — NPL at 35.73% and CAR at 1.56% are now orphaned liabilities with no fiscal parent.
• No. 090Tue · 05 May 2026Brent at $113.95 — up $5.78 since the last brief — reprices the energy import bill by ~$100M/month at the margin.
• No. 089Mon · 04 May 2026BB's Tk 40,000cr refinance scheme lands into a sector carrying 35.73% NPLs and 1.56% CAR — injecting liquidity into an insolvent balance sheet is forbearance, not stimulus.
• No. 088Mon · 04 May 2026April's BoP numbers — exports +33% YoY, remittances $3.12bn — read like relief.