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Published

BB raises policy interest rate to 10%

Summary by businesspostbd.com
The Bangladesh Bank (BB) has once again raised its policy interest rate, pushing it up to 10 per cent in a fresh attempt to tackle inflation by withdrawing excess liquidity from the market. The decision, outlined in a circular issued on Tuesday, will take effect from 27 October. The new policy rate sees a 50 basis point increase from its previous level of 9.50 per cent, meaning that the interest rate at which commercial banks borrow from the cen…
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Similar News Topics

InflationInflation
Dhaka, Dhaka DivisionDhaka, Dhaka Division
Bangladesh EconomyBangladesh Economy

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