Bangladesh to hike interest rates to 9% in coming days to tame inflation, cbank chief tells BBC

Inflatie

Bangladesh's central bank will raise interest rates to 9 per cent from 8.5 per cent in the coming days in a bid to tame soaring inflation, the bank's governor told the BBC in an interview published early on Thursday. The move comes after weeks of political unrest in the country fuelled a sharp rise in inflation, touching 11.66 per cent in July, amid an ongoing struggle with shrinking reserves and exports from the mainstay garments industry taking a hit. Bangladesh Bank's new governor, Ahsan H.

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