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.