on the other hand bangladesh continued tightening its monetary policy from and the policy rate was raised by basis points in fiscal year to restrain inflationary pressures consumer credit was tightened through administrative measures similarly policy rates were raised in sri lanka in february and april to curtail traderelated credit to reduce trade and current account deficits as well as to contain inflationary pressures however the policy rate was lowered by basis points in december as gdp growth was decelerating sharply