Dhaka, Feb. 9 -- Bangladesh Bank has kept its key policy rate, known as the repo rate, unchanged in its latest monetary policy as part of ongoing efforts to rein in inflation.

Announcing the monetary policy for the January-June period on Monday, the central bank said the policy rate -- the interest rate at which it lends short-term funds to commercial banks -- would remain at 10 percent.

Despite progress on other economic indicators, inflation remains above target, according to the central bank.

Point-to-point inflation stood at 8.58 percent in January, up from 8.29 percent in December. Economists say inflation is unlikely to ease in the coming months due to the impact of the national election and higher demand during Ramadan.

Banglad...