The Bangladesh Bank today raised the policy rate by 50 basis points to 9.50 per cent to tackle inflation.
The new rate will come into effect from tomorrow.
This marks the fourth time that the rate has been raised this year.
The country’s inflation fell to 10.49 per cent in August from the record 11.66 per cent in July, marking a 1.17 percentage point decline—the largest drop since 2013.
The new rate will come into effect from tomorrow.
This marks the fourth time that the rate has been raised this year.
The country’s inflation fell to 10.49 per cent in August from the record 11.66 per cent in July, marking a 1.17 percentage point decline—the largest drop since 2013.
