The increase in prices of daily necessities has resulted in instability in the country’s markets. In response to this situation, Bangladesh Competition Commission has filed 44 cases against 36 individuals and companies, accusing them of creating an artificial crisis in the market.
Although banks are registering increased deposits, tax collection from interest earnings of savers has slowed down significantly amid the fall of the interest rate.
The Reserve Bank of India’s benchmark repo rate was raised by 50 basis points on Friday, the fourth straight increase in the current cycle, as policymakers extended their battle to tame stubbornly above-target retail inflation rate.
China’s factory activity eked out growth in September, but a slowdown in services sector growth and a downbeat private manufacturing survey pointed to further cooling as the economy grapples with Covid-19 curbs and softening global demand.