Bangladesh to hike interest rates to 9% in coming days to tame inflation, cbank chief tells BBC

Bangladesh’s central bank will raise interest rates to 9% from 8.5% in the coming days in a bid to tame soaring inflation, the bank’s governor told the BBC in an interview published early on Thursday.

The move comes after weeks of political unrest in the country fuelled a sharp rise in inflation, touching 11.66% in July, amid an ongoing struggle with shrinking reserves and exports from the mainstay garments industry taking a hit.