The 91 Days Bangladesh Compounded Rate (BCR) has been declining for the last couple of days, according to the statistics available with Bangladesh Bank.
“This is a reference rate which will be primarily used to set the rate of floating rate instruments of government,” said the central bank note.
The rate came down to 2.62 per cent on July 26, the last working day of the fourth week of July while it was 2.65 per cent on July 19, the last working day of the third week of the same month.
The BCR is a daily rate based on the cut-off yield of 91 days Treasury Bill auction.
On July 22, the first working day of the fourth week of this month, the rate was 2.64 per cent and it gradually came down to 2.63 per cent on July 24.
