Bangladesh’s central bank held the repurchase agreement rate at 10% as the MPC expects inflation to decrease due to global price trends. The central bank also maintained the standing deposit facility rate at 8.5% and the standing lending facility rate at 11.5%. The MPC sees no need for further rate hikes and plans to continue contractionary measures until the desired inflation level is reached. The MPC also recommended moving from the crawling peg to a fully market-based exchange rate and reviewing the FX regime to modernize it and eliminate import restrictions.