The Bangladesh Bank Raises the Policy Rate to Combat Inflation: Repo Rate Increased to 10.00%

The Monetary Policy Committee has decided to continue the Bangladesh Bank’s contractionary measures until the inflation target is met. As a result, the overnight repo policy rate has been raised by 50 basis points, increasing from 9.50% to 10.00%. To improve liquidity management by banks, the Standing Lending Facility upper limit has also been increased by 50 basis points, from 11.00% to 11.50%, while the Standing Deposit Facility lower limit has been raised from 8.00% to 8.50%. These changes took effect on 27 October 2024.