Bangladesh Bank to start raising rates
Governor says further tightening will be needed as he seeks additional funds from IMF
Bangladesh Bank’s new governor has said he plans to raise the key interest rate from 8.5% to 9% over the coming days.
In an interview with the BBC on August 21, Ahsan Mansur said he also planned to raise rates to 10% or more over the coming months to control inflation. Inflation rose to 11.66% in July, from 9.72% in June, the highest level in recent years.
Mansur, a former economist with the International Monetary Fund (IMF), took office last week after Abdur Rouf Talukder was forced to resign
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