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Cenbank to keep hiking rates until inflation tamed

Dollar price to stay within Tk120

Daily Sun Report, Dhaka

Published: 04 Sep 2024

Cenbank to keep hiking rates until inflation tamed

Annual inflation hit 11.66% in July | Photo: Collected

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The Bangladesh Bank (BB) would keep hiking benchmark interest rates until the current raging inflation falls to tolerable limits, BB chief said Wednesday.

Ahsan H Mansur further said that no hidden charge or hidden interest would be allowed in the banking sector.

He was speaking to reporters after emerging from a meeting with bank managing directors.

At the meeting, the banking sector stakeholders also decided to keep dollar exchange rate within Tk120 even at the kerb market, said Association of Bankers, Bangladesh (ABB) Chairman Selim RF Hossain.

Speaking to reporters at the Bangladesh Bank, Selim further said that the Bangladesh Bank has decided to form three taskforces for strengthening the banking sector.

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