Banks borrow from the central bank at the repo rate. This is the eleventh hike since May 2022, domestic media outlets reported.
The Bangladesh Bank today hiked the repo rate further by 50 basis points to 10 per cent to control inflation.
The new rate will be effective from October 27.
This is the eleventh hike since May 2022.
Less than a month before, the central bank had raised the repo rate to 9.5 per cent from 9 per cent earlier.
The annualised rate of inflation rose to 9.97 per cent last month from 9.95 per cent.
Less than a month before, the central bank had raised the repo rate to 9.5 per cent from 9 per cent earlier.
The country’s consumer prices eased slightly in September and grew by 9.92 per cent, which was lower than August’s 10.49 per cent, according to the Bangladesh Bureau of Statistics.
The annualised rate of inflation rose to 9.97 per cent last month from 9.95 per cent.
Fibre2Fashion News Desk (DS)
