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Bangladesh Bank has introduced a crawling peg mechanism, increasing the exchange rate to Tk 117 per dollar from the existing rate of Tk 110.
The central bank also revised the Interest Rate Corridor (IRC), enhancing the policy rate by 50 basis points to 8.50 per cent from 8.0 per cent.
The major decisions on the monetary front followed a meeting of the Monetary Policy Committee (MPC) at the BB headquarters on Wednesday.
Earlier, visiting representatives of the International Monetary Fund (IMF) expressed their dissatisfaction with inflation and forex market volatility.