The Bangladesh Bank unveiled its monetary policy for fiscal 2023-24 this afternoon.

BB Governor Abdur Rouf Talukder started to reveal the policy at 3pm at the central bank headquarters in Dhaka.

The central bank may take policy measures to tame the ongoing high inflation in the policy, an official of the Bangladesh Bank said earlier in the day.

The possible measures might include raising its key interest rates.

Usually, central banks hike interest rates to curb inflation and ensure price stability.

For example, the European Central Bank hiked its key rate on Thursday, the eighth straight increase since July 2022 for the 20 countries that use the euro currency.

The BB also increased its key interest rates, or the repo rates, several times to squeeze the money supply in a bid to rein in inflation.

Still, inflation has not come under control.

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