Bangladesh Bank maintains tight monetary policy stance for F1

The central bank on Thursday unveiled the monetary policy statement for the first half of FY2025 maintaining a cautiously tight monetary policy stance.

It maintained the tight monetary stance in the wake of higher inflation in the economy.

Bangladesh Bank kept the policy (Repo) rate unchanged at 8.50 per cent, the SDF rate at 7.0 per cent, and the SLF rate at 10.0 per cent unchanged.

Additionally, it will continue “quantitative tightening” by streamlining Open Market Operations, ceasing currency swaps among banks and the central bank, and refraining from creating new money for government spending.

However, Bangladesh Bank remains prepared to take necessary policy actions if required.

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