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Exclusive: Bangladesh to hike rates and seek assistance, says bank boss

Source: BBC

Bangladesh will announce a decision to raise interest rates from 8.5% to 9% in a day or two, the new central bank chief has told the BBC in an exclusive interview.Dr Ahsan H Mansur said he will raise rates further to 10% or more in the coming months to tame inflation.Soaring prices have been a major concern for Bangladesh, with its currency also under pressure with remittances drying up and garments exports badly…

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Read the original source at BBC