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.
Despite significant progress, the country ranks 168th in the Ease of Doing Business Index out of 190 countries.
Inflation in Bangladesh hit a nine-year high of 7.56 per cent in June thanks to the spiralling prices of food products in the country.
Bangladesh Bank today raised its key interest rate, also known as the policy rate, by 50 basis points to 5.50 per cent, a move that would make funds costlier for banks.
The central bank of Bangladesh will have to use the monetary policy to stabilise the foreign exchange market to pave the way for curbing inflation through demand management, said Ahsan H Mansur, executive director of the Policy Research Institute of Bangladesh.
How do you control inflation in a market economy?
High inflation in Bangladesh has revealed the inherent weakness in the government’s domestic resource mobilisation approach, which is largely dependent on revenue collection from indirect taxes, said the Centre for Policy Dialogue (CPD) today.
Inflation shot up to 6.29 percent in April – highest in 18 months – amid persistently high food prices and non-food prices, said Bangladesh Bureau of Statistics (BBS) last evening (May 18, 2022).
When it comes to human development related expenses, the government should spend more.
Inflation in Bangladesh rocketed to a 17-month high in March driven by higher food costs as global uncertainties stemming from the Russia-Ukraine war and supply chain disruptions show no sign of abating, official figures showed yesterday.