Bangladesh Bank hiked its repo rate by 50 basis points to 9.50 per cent on Tuesday, marking the fourth hike in its policy rate this year in a bid to tame ongoing inflation.
A central bank circular said the new rate would be effective from Wednesday (September 25).
Earlier on Monday, Bangladesh Bank Governor Dr Ahsan H Mansur said the central bank will increase policy rate twice and interest rate for once within the next month in order to tame high inflation in the country.
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