BB raises repo rate by 50 basis points

BB raises repo rate by 50 basis points

Bangladesh Bank (BB) has increased the policy rate, also known as repo rate, by 50 basis points to 7.75 percent to contain inflation.
The new rate will be effective from tomorrow, said a BB press release issued today.
The monetary policy committee of the central bank decided to raise the policy rate at a meeting at the central bank headquarters in the capital.