Bangladesh Bank hikes repo rate to 10% to control inflation

Banks borrow from the central bank at the repo rate. This is the eleventh hike since May 2022, domestic media outlets reported.

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)