Bangladesh pauses interest rate hikes
Central bank says it expects inflation to reach target by June
Bangladesh Bank today (February 10) held its policy rate at 10%.
It said it had reached the decision to hold the repurchase rate, following a series of hikes last year, because it expected inflation to fall over the coming months and reach its 7–8% target by June 30.
The bank also held its standing lending facility at 11.5% and its standing deposit facility rate at 8.5%.
It said monetary policy would remain tight during the first half of this year as inflation, though lower than before, remained
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