Bangladeshi central bank hikes repo rate to tame inflation

DHAKA, Sept. 29 (Xinhua) -- The central bank of Bangladesh has hiked the repo rate by 25 basis points (bps) to 5.75 percent in a bid to rein in inflation.

The Monetary Policy Committee of the Bangladesh Bank took the decision in its 56th meeting held Thursday in the capital Dhaka. The new rate will come into effect Oct. 2, reads a BB circular.

The bank earlier in June increased its policy rate (the repo r