Photo: Collected
Bangladesh Bank, the central bank of Bangladesh, on Wednesday (17 January) increased the policy rate to 8 percent to bring down the current hyperinflation. It has been increased by 25 basis points on the newly revealed monetary policy.
This development comes following the Bangladesh Bank’s unveiling of the monetary policy for the second half of the current financial year.
Previously, BB had maintained a restrictive monetary policy stance in the July-December of 2023-24 to reduce demand while containing prices.
To raise the cost of borrowing, it twice raised the policy rate, also known as the repo rate, to 7.75 percent.
Messenger/Sun Yath
