Dhaka, April 13 -- In a move to modernise the financial landscape, Bangladesh Bank (BB) is set to transition into an era of transaction-based money market reference rates, moving away from offer-based indicators.

The Debt Management Department of the central bank announced in a press conference on Monday that it will officially begin publishing these new rates on its website starting on Tuesday.

Director General of Dept Management Department Istequemal Hussain and acting Spokesperson for the central bank Shahriar Siddiqi spoke at the press conference held at the BB headquarters.

The initiative aims to enhance transparency, reliability, and efficiency within the money market segment, similar to the global Secured Overnight Financing Rat...