BB raises key policy rate again in a bid to tame inflation - News Summed Up

BB raises key policy rate again in a bid to tame inflation


The central bank has raised its key interest rate, or repurchase agreement rate, by 50 basis points to 5.50 per cent as part of its efforts to control consumer prices. It is the second time Bangladesh Bank has shifted the rate in a month. The last hike, on May 29, raised the key interest rate by 25 basis points to 5.0 per cent, reports bdnews24.com. The repurchase agreement rate is the rate at which the central bank lends money to commercial banks in the event of any shortfall of funds. The food inflation rate accelerated to 8.3 per cent.


Source: bd News24 June 30, 2022 16:51 UTC



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