Bangladesh bank raises interest rates | World Business Watch
Edited By WION Video Desk
Published: Jun 19, 2023, 05:50 IST | Updated: Jun 19, 2023, 05:50 IST
The Bangladesh bank has raised interest rates, signaling a tight monetary policy for the first half of the new fiscal year. These measures come as Bangladesh faces inflationary pressures stemming from pandemic-related spending, surging commodity prices and a weaker taka currency. Consumer prices rose by 9.94% in may, surpassing the average inflation target of 6%.
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