Photo:BSS

DHAKA, Sept 24, 2024 (BSS) - Bangladesh Bank (BB) has increased the policy
rate, also known as repo rate, by 50 basis points to 9.50 percent to contain
inflation.

The new rate will be effective from tomorrow, said a BB circular issued
today.

As per the circular, the highest ceiling of policy rate corridor of standing
lending facility (SLF) rate has been raised to 11 per cent from 10.50 per
cent while the lowest limit of standing deposit facility (SDF) rate has been
raised to 8 per cent from 7.50 per cent.