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Sunday, January 8, 2012

BB raised policy rates again!

In the face of persistently high inflation, Bangladesh Bank raised its policy rates (repo and reverse repo) by 50 basis points, the second time in four months (also, fifth times since March). Currently, the repo and reverse repo rates are 7.75% and 5.75%, respectively.

This news received significant attention in the international media.
1. Dawn: Bangladesh raises rates to fight inflation
2. Bloomberg: Bangladesh raises rates for second time in four months on prices 

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