The central bank should strengthen its communication strategy to clarify policy decisions and their expected effects on inflation.
The government must recognise that when push comes to shove, the conditions of existence precede any abstract promises of progress or growth.
Considering the global market situation and measures taken domestically, inflation will decline, the BB governor told reporters
Inflation rises to 10.87 percent in October from 9.92 percent in September
There are 12 issues that policymakers should consider for short- and medium-term action on inflation.
The mass movement in July and August 2024 had not only resulted in the tragic death of hundreds and severe injuries to thousands, but also subdued economic activity.
The consumer price index stood at 9.92%, down from previous month's 10.49%
People are grappling with high inflation because of the fresh injection of Tk 60,000 crore into the market by Sheikh Hasina’s government, Prof Muhammad Yunus, chief adviser to the interim government, said yesterday.
Inflation eased in August but remained at over 10 percent, as higher prices of goods and services continued to strain the purchasing power of consumers.
Says CPD’s Mustafizur Rahman
In the past 18 months, Bangladesh has largely failed to take appropriate measures to curb higher inflation and reverse the fall of foreign currency reserves, both at the heart of the country’s persisting economic plight.
WB Country Director Abdoulaye Seck says at AmCham meeting
It was 9.92% in Aug
The Bangladesh Bank will not be making any drastic policy changes ahead of the national election scheduled for January, putting all its focus on tackling the depleting foreign exchange reserves and refraining from printing money to give loans to the government.
The government’s borrowing from the banking system has remained in check so far in the ongoing fiscal year thanks to lower expenditures and higher revenue collection.
The Bangladesh Bank is going to take a raft of policy measures to tackle inflationary pressure, volatility in the foreign exchange market and growing non-performing loans (NPLs) and give a much-needed boost to the forex reserve.
A persistently higher inflation for more than a year has hit the low-income, the poor and the fixed-income people in Bangladesh hard, significantly eroding their purchasing power.
Although higher consumer prices have persisted in the first few months of the current fiscal year, inflation in Bangladesh is going to cool in the later part of 2023-24 thanks to one external and two domestic factors, the Asian Development Bank (ADB) forecast yesterday.
The government should have figured out how to rein in food inflation by now.