Dhaka, April 14 -- Bangladesh Bank is launching two money-market reference rates based on actual transaction data to help stakeholders understand the trend in interest rates.

The central bank will be uploading the rates -- Bangladesh Overnight Financing Rate (BOFR) and Dhaka Overnight Money Market Rate (DOMMR) on the BB website regularly from April 15, the banking regulator informed reporters at a press conference Monday.

At the press meet arranged by BB's Debt Management Department (DMD) at its headquarters, DMD director Istequemal Hussain said Bangladesh Foreign Exchange Dealers Association (BAFEDA) has released Dhaka Interbank Offered Rate (DIBOR) since 2010 but it was based on offer rates submitted by banks and many banks did not pr...