The Bangladesh Bank (BB) is unlikely to reduce the policy or repo rate for the second half of this year as inflation continues to remain stubbornly high, according to the central bank governor.

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

Bangladesh Bank has raised its policy rates by 25 basis points as it unveiled the monetary policy for the second half of the ongoing fiscal year.

Bangladesh Bank recently raised the policy rate to tame soaring inflation but the new benchmark is still lower than the country’s historic average, said an economist.