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
On Wednesday evening, Munaf Khan was sitting idle at his cash box in the clothing shop in the New Market area amid the emphatic sound of generators after the electricity went off since there were no customers.
Nothing but their own voices reaches them
If things are bad, there must be a good reason for it.
Inflation is pinching our wallet. No matter how much you earn every month, the effect of high inflation is squeezing your purchasing power. People around the globe are now saving less than before, because it is becoming difficult for so many of us to just meet the necessary expenses; prices of gasoline, food, and housing are all soaring high. During this time of economic crisis, try becoming a smart shopper to mitigate the negative impact of inflation on your quality of life.
Despite the macroeconomic success, Bangladesh faces several long-standing challenges.
Ahsan H Mansur of Policy Research Institute talks about Bangladesh’s current economic crisis with Eresh Omar Jamal of The Daily Star.
The recent economic crisis has placed everyone on the edge of their seats. Citizens are worried about everything from power shortages to being unable to catch-up with the rising inflation. Hence, in these troubled times, RBR comes up with few solutions to minimise the scare and live a better life than expected.
British annual inflation surged to a fresh 40-year high in June on rising motor fuel and food prices, adding to a cost-of-living crisis.
The new governor of Bangladesh Bank (BB) has heralded robust messages to the country’s banking and financial industry.
We appreciate the government directives, given to the field-level administration, to practise austerity in spending from the budgetary allocations.
