Bangladesh Bank raises repo rate again
Desk Report || risingbd.com
Bangladesh Bank has raised the repo rate, by 25 basis points to 5.75 per cent as part of its efforts to control inflation.
The Monetary Policy Department (MPD) of Bangladesh Bank (BB) issued a circular in this regard on Thursday (September 29).
The repurchase agreement rate is the rate at which the central bank lends money to commercial banks in the event of any shortfall of funds.
According to the circular, the new direction will come into effect on October 2.
It is mentionable that Bangladesh's central bank left the reverse repo rate unchanged at 4 per cent.