The central bank raised the key policy rate by 50 basis points to 10 percent yesterday, making borrowing costlier for the 11th consecutive time to tame inflation as spiralling prices remain a headache for the interim government.

In an effort to curb stubbornly high inflation, the central bank’s latest interest rate hike has sparked concerns among the business community as they argue that the increased cost of borrowing will strain their existing ventures and dampen future expansion plans.

This is the 11th time since May 2022 the BB hiked the repo rate to make money expensive for banks and tame demand to curb inflation.

US Federal Bureau of Investigation finds evidence that at least one Bangladesh Bank employee acted as an accomplice of hackers. Investigators suspect it was partly an inside job, WSJ reports