Bangladesh Bank today hiked the policy or repo rate, at which commercial banks borrow from the central bank, by 50 basis points to 9.50 percent to rein in inflation

All these measures are meant to put the once high-flying economy back on track.

PRI Executive Director Ahsan H Mansur says

Amid criticisms over the delay in squeezing money supply, the Bangladesh Bank yesterday made borrowing costlier as it raised the policy rate by 75 basis points to 7.25 percent to step up its fight against inflation..This is the sharpest pace of rate increase in at least a decade, said a ce