State of the Bangladesh Economy in FY2023-24 (First Reading)
-6.0
-5.0
-4.0
Per cent
Oct-19
Nov-19
Dec-19
Jan-20
-3.0
Feb-20
Mar-20
-2.0
Apr-20
-1.0
May-20
0.0
1.0
ווייויי
Independent Review of
RBD
Bangladesh's Development
Negative real interest rate
on bank deposits
The real deposit rate, calculated as the weighted average of the monthly deposit rate of all
scheduled banks adjusted with the point-to-point monthly consumer price index inflation, fell
from 0.03% in March 2020 to -5.41% in September 2023
The negative real interest rate on bank deposits means that a depositor comes out as a net
loser by keeping money in the bank.
Figure: Real deposit rate in banks (in %)
Jun-20
Jul-20
Aug-20
Sep-20
CPD (2023): State of the Bangladesh Economy in FY2023-24 (First Reading)
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