The Bangladesh Bank has announced the Monetary Policy Statement (MPS), keeping the Policy Rate [also known as repo rate] at 8.5 per cent, the SDF rate at 7 per cent, and the SLF rate at 10 per cent unchanged for the first half of FY25.
The central bank announced the MPS on its website on Thursday.
The regulator says it will not provide new money to the government for meeting the budget deficit in current FY. However, efforts will continue to control inflation.
It added, “The central bank will continue quantitative tightening by streamlining Open Market Operations, ceasing currency swaps among banks and BB, and refraining from creating new money for government spending.
“However, theBangladesh Bank remains prepared to take necessary policy actions if required.”
