BB decides against another hike in interest rates

BB decides against another hike in interest rates

The review meeting of the Bangladesh Bank (BB) monetary policy committee (MPC) has decided not to increase the policy interest rate for the time being.
The committee acknowledged that although inflation remains elevated, the monetary policy stance is on the right track and there is no immediate need to raise the policy rate further.
The MPC assessed the current macroeconomic situation, challenges, and outlook from domestic and global perspectives.
Moreover, the MPC focused on reviewing the current inflation trend and outlook, economic activities and growth prospects, recent financial market developments, and developments in the external sector.