Bangladesh Bank Reduces Repo Rate to 9.5%, Impacting Economic Growth Strategy
The Bangladesh Bank has announced a reduction in its policy, or repo, rate from 10 percent to 9.5 percent, marking the first such decrease in six years. This decision was made during the 13th meeting of the Monetary Policy Committee, chaired by BB Governor Md Mostaqur Rahman. The revised rate is set to take effect on Sunday. The central bank also adjusted the Standing Lending Facility rate from 11.5 percent to 11 percent, while keeping the Standing Deposit Facility rate unchanged at 7.5 percent. This move comes as inflation in Bangladesh has eased slightly, dropping to 9.16 percent in June from 9.42 percent in May, although it remains above the government's target. The decision reflects a shift in monetary policy under Governor Mostaqur, who aims to support economic growth and businesses. 
