Bangladesh Bank has held its key policy repo rate steady at 10 percent for the first half of the current fiscal year, reaffirming its commitment to a tight monetary stance aimed at curbing persistent inflation, weak private investment, and growing uncertainty over global trade.
Diversifying Bangladesh’s export basket has been a high-priority policy objective for many years.
Some banks are simply non-viable and suffer from inherent governance problems.
There is ample evidence showing that both domestic and foreign direct investment (FDI) have a significant positive effect on economic growth.
The finance ministry has identified seven major challenges including tight monetary and fiscal policies, taken to tame elevated inflation levels for more than three years, in next fiscal year that may increase unemployment.
The estimate is almost close to the projection by the International Monetary Fund’s (IMF) 3.8 percent for the year.
The silver lining is that the economy isn’t falling apart
The Bangladesh Bank will consider slashing the policy rate to 7 percent by March, provided that rampant inflation, which has hovered above 9 percent for nearly two years, eases to 5 percent by then, Governor Ahsan H Mansur said yesterday.
Bangladesh's agro-processed exports are already rising.
As most of our economic sectors depend heavily on banks, it has created many problems for the banking sector and its depositors.
Bangladesh’s economy slowed in fiscal 2022-23 although growth bounced back to 5.78 percent by the end of the year’s fourth quarter, government data shows.
The ongoing political crisis, foreign powers’ interest in the upcoming national election, and labour and human rights issues are deepening the economic uncertainty in the country, the Policy Research Institute (PRI) of Bangladesh said yesterday.
Increased private, foreign investments key to our economic recovery
The political unrest and the garment workers’ agitation in the apparel sector have started to take a toll on the economy that is already grappling with elevated inflation, a depleting dollar stockpile, slowing exports and decelerating private sector activities.
Authorities should take sensible steps to restore normalcy
Bangladesh Bank is preparing a roadmap for the next government to address the three major issues of exchange rate instability, high inflation and high defaulted loan ratio bearing upon the economy.
Investing more in research and development vital for future economic growth
Pressure on the external sector of Bangladesh's economy is expected to persist in the current financial year, said a top official of the World Bank yesterday
The country's economyis going through a difficult time, said Saiful Islam, president of the Metropolitan Chamber of Commerce and Industry, yesterday.
