On Oct. 22, Bangladesh Bank raised policy rate to 10% (11th increase since May) to combat inflation.

On October 22, the Bangladesh Bank raised the policy rate to 10% by 50 basis points, marking its 11th increase since May 2022, to combat persistent inflation. This decision follows a slight decrease in consumer prices, which rose by 9.92% in September. The new rate will take effect on October 27, aiming to stabilize the economy and reduce market demand. Additionally, the Standing Lending and Deposit Facilities were also increased.