BSS-39 BB cuts repo rate to 5.75pc

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ZCZC

BSS-39

BB-REPO-REDUCTION

BB cuts repo rate to 5.75pc

DHAKA, March 23, 2020 (BSS) – Bangladesh Bank (BB) today decided to cut
repo rate to 5.75 percent from 6 percent as part of efforts to boost
liquidity amid COVID-19 pandemic.

A central bank circular announced the new decision will be effective
from tomorrow.

The decision was taken at the 46th meeting of Monitoring Policy
Committee at BB headquarters with Governor Fazle Kabir in the chair.

BSS/PR/MAK/FI/ 2148 hrs