Tony Gonzales dismisses calls to resign over affair allegations

2026-02-24T19:56:29Z
Tony Gonzales dismisses calls to resign over affair allegations

Bangladesh’s central bank raised key lending rates amid inflation concerns, signaling tighter monetary policy ahead of the seasonal peak in prices. The move aims to curb rising consumer costs while supporting the local currency, though it risks slowing economic growth.

Analysts expect continued policy adjustments as price pressures persist from supply disruptions and energy costs. The central bank cautioned banks to tighten credit standards and monitor loan quality to prevent a spike in non-performing assets.

Meanwhile, the government announced new measures to stabilize food prices, including subsidies for staple grains and steps to boost domestic production. Officials said the combined fiscal and monetary approach would shield vulnerable households without derailing investment.