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

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

20240513 BB

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.

Sponsored Content

About Sponsored ContentThis content was commissioned by Nikkei's Global Business Bureau.