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.
October 22, 2024
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