Bangladesh acts to tame inflation as IMF pledges $1.1bn loan

South Asian nation to let currency and lending rates heed market forces

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Bangladesh's central bank has been struggling to tame the country's high inflation. © Reuters

FAISAL MAHMUD, Contributing writer

DHAKA -- In a coordinated move economists are hailing as a necessary intervention, Bangladesh has taken three significant steps to tame its persistently high inflation and bolster its dwindling foreign currency reserves.

Inflation in the country peaked in March at 9.81%, exceeding the government's target for the fiscal year, before easing to 9.24% in April.

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