Dhaka, March 4 -- Bangladesh Bank has reduced the cash reserve ratio (CRR) of banks by 0.50 percent to boost liquidity flow in the banks.

As a result, banks will now have to maintain a daily CRR of 3 percent instead of 3.5 percent, said the central bank.

The Monetary Policy Department (MPD) of Bangladesh Bank on Tuesday issued a circular in this regard. The notification stated that from tomorrow, March 5, banks will have to maintain a minimum of 4 percent of total demand and term deposits on a bi-weekly basis and a minimum of 3 percent cash on a daily basis.

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