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

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

Source: NIKKIEASIA