NN Online Report:
The policy rate could be lowered within six months if inflationary pressure in the country is reduced to a tolerable level, Ahsan H Mansur, governor of the Bangladesh Bank, said today.
Mansur made this comment at a meeting with a delegation of the Dhaka Chamber of Commerce and Industry (DCCI) at the central bank headquarters in Dhaka.
The Bangladesh Bank increased the policy rate by 50 basis points to 9 percent on August 25 in an effort to combat persistently high inflation by making bank borrowing costlier.
Food inflation in the country crossed 14 percent for the first time in 13 years in July, with overall inflation rising by 1.94 basis points to 11.66 percent from the previous month.