The government has kept borrowing from the Bangladesh Bank as commercial banks can’t come up with much-needed funds owing to the liquidity crunch.
Abdul Wahab, a security guard at an ATM booth of a private bank in the capital, works 16 hours a day.
While the government is distracted by elections, the financial economy will suffer
The government has trimmed its growth forecast for this fiscal year by a whole percentage point to 6.5 percent as the energy shortage and inflation dampened economic activities.
The recent policy changes have been so enormous that they have already made the old monetary policy largely defunct.
In the name of taming inflation, central banks have set themselves on a path to cause a recession.
Dealing with these two major challenges is essential for macroeconomic stability
The burden of imported inflation and supply-side implications of reduced imports will have adverse implications for economic growth and welfare, particularly of marginalised people.
Both global and local macro-challenges can have serious implications for the people of Bangladesh
The government must implement economic policies that deal with the ongoing crisis
Interventions must involve fiscal policy to address our fundamental economic issues
Interventions must involve fiscal policy to address our fundamental economic issues
In a time of elevated inflation, the government has started to borrow heavily from the Bangladesh Bank to meet the budget deficit, in a move that is set to push up the consumer price level further.
The volatility of commodity prices in both global and local markets has put ordinary people in Bangladesh in an uncertain situation.
Inflation bucked the rising trend for the second consecutive month in October, helped by the cooling off of grocery prices.
Bangladesh’s current account balance sank further in the red in September, heaving the pressure on the exchange rate that is trading at record lows against the US dollar.
Govt must check food inflation, ensure food security for all
Acquiring the basic necessities was definitely easier in the past.
The sharp rise in the rate of inflation witnessed in recent months is worrisome for at least two reasons: it is bad for investment decisions and economic growth, as well as for low-income people, especially those with fixed incomes.
