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Bangladesh Interest Rate
Last Release
Oct 27, 2024
Actual
10
Units In
%
Previous
9.5
Frequency
Daily
Next Release
N/A
Time to Release
N/A
Highest | Lowest | Average | Date Range | Source |
10 Oct 2024 | 4.5 Oct 2009 | 6.69 % | 2008-2024 | Bangladesh Bank |
Latest Updates
The central bank of Bangladesh hiked its key interest rate by 50bps to 8.5% in May of 2024, extending its monetary tightening momentum to curb stubborn inflation, and introduced a crawling peg system for its currency. The new crawling peg system for spot purchases and sales of US dollars was set at the mid-range of BDT 117 per USD from BDT 110, compared to the interbank exchange rate of 110 prior to the central bank's decision, marking a transition away from the previous system of a more strict peg. The move is expected to precede a free-float exchange rate, pressured by the central bank’s pessimism over the ability to maintain the peg as its dollar reserves deplete.
Bangladesh Interest Rate History
Last 12 readings