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

Fear of Putin planning huge escalation  

Latest from -Top News

Pak Army Chief Targets India Again

This is not the first time that Munir has indulged in loose talk, exhibiting conduct unbecoming an officer….reports Asian Lite News Pakistan’s Chief of Army Staff (COAS) General Syed Asim Munir on

Relief for Students: US Visa Cancellations Paused

More than 1,500 student visas have been cancelled so far…reports Asian Lite News The United States on Friday abruptly paused the cancellation of student visas issued to international students, according to reports.

Yunus Must Be Treated Like Hasina, Warn Islamists

Islamist group made these warnings to the interim government, terming the women’s reform body proposals as “anti-Islamic…reports Asian Lite News The radical Islamist group in Bangladesh, Hefazat-e-Islam, has issued a threat, stating

UN: Bring Pahalgam Terrorists to Justice

The members of the Security Council “stressed that those responsible for these killings should be held accountable..reports Asian Lite News The Security Council has “condemned in the strongest terms” the Pahalgam terrorist
Go toTop

Don't Miss

Samson Shines Bright When It Matters Most

After a lean run, Samson blasted 111 off 47 balls,

Bangladesh inflation hits 10-year high

Inflation in Bangladesh accelerated to 9.52 per cent in August,