September 30, 2022
1 min read

INFLATION: Bangladesh hikes key rates

The Monetary Policy Committee of the Bangladesh Bank (BB) took the decision in its 56th meeting held Thursday in the capital Dhaka…reports Asian Lite News

The central bank of Bangladesh has hiked the repo rate by 25 basis points (bps) to 5.75 per cent in a bid to rein in inflation.

The Monetary Policy Committee of the Bangladesh Bank (BB) took the decision in its 56th meeting held Thursday in the capital Dhaka. The new rate will come into effect October 2, Xinhua news agency reported, citing a circular issued by the BB.

The bank earlier in June increased its policy rate (the repo rate) by 50 bps to 5.50 per cent from 5.00 per cent to deal with the demand-side pressures while ensuring the required flow of funds to the priority and production sectors to promote supply-side activities.

On May 29, the bank raised the key interest rate by 25 bps to 5 per cent, the first increase in a decade.

ALSO READ: New Delhi approves India-Bangladesh pact on water withdrawal

Previous Story

Fresh US sanctions hit Indian company over Iran oil deal

Next Story

India-funded emergency medical unit opens in Maldives

Latest from -Top News

Pakistan’s Minority Crisis Exposed

The report stated that minority children in Pakistan are subjected to systematic abuse and discrimination, which includes barriers to education…reports Asian Lite News A report on Monday cited Pakistan as one of

Zelensky Grateful to Modi, Calls for Peace Push

Ukrainian President Volodymyr Zelensky thanked Prime Minister Narendra Modi for his Independence Day wishes…reports Asian Lite News Ukrainian President Volodymyr Zelensky on Tuesday thanked Prime Minister Narendra Modi for his Independence Day
Go toTop

Don't Miss

US Labels Bangladesh Elections as ‘Not Free and Fair’

The country further supported Bangladesh people and their aspirations for

Hasina Highlights India Ties in Post-Election Plans

Sheikh Hasina expressed gratitude towards India, emphasising its pivotal role