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Bangladesh Bank hikes policy rate to tighten money flow

The Bangladesh Bank (BB) has unveiled the monetary policy today for the new fiscal year raising policy rate and cutting down private sector credit growth aiming to check inflation by tightening money flow in the market. The policy rate also known as repo rate was increased to 5.50% from 5% in the new monetary policy the governor announced on Thursday (30 June). The regulator ....

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Maintaining stability key challenge: BB

Keeping import payments manageable while maintaining stability in the foreign exchange markets will be a critical challenge for the economy, apart from keeping inflation at a tolerable level, said Bangladesh Bank yesterday. ....

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