Bangladesh, Aug. 1 -- Bangladesh Bank (BB) recently reduced its key policy (repo) rate by 50 basis points to 9.50 percent in a move aimed at supporting economic growth, encouraging private sector investment and improving credit flow.Geographic Reference
The decision was taken at the 13th meeting of the Monetary Policy Committee (MPC), chaired by Bangladesh Bank Governor Md Mostaqur Rahman.
Under the revised monetary policy framework, the repo rate has been lowered from 10 percent to 9.50 percent, while the Standing Lending Facility (SLF) rate has been reduced from 11.50 percent to 11.00 percent.
The Standing Deposit Facility (SDF) rate remains unchanged at 7.50 percent.
The MPC said the decision followed a comprehensive assessment of do...