monetary policy

Governor defends tight policy as cash-strapped firms struggle

Bangladesh Bank Governor Ahsan H Mansur said tightening monetary policy is the only globally practised remedy to heal inflationary pain, as businessmen opposed interest rate hikes for obstructing business expansion and job creation. 

Stabilising prices is the immediate priority

Inflationary pressure is being felt severely in the face of wage growth declines.

Monetary Policy Jul-Dec 2024 / Exchange rate mid-rate to remain unchanged at 117 per USD

The crawling peg and the mid-rate were introduced on May 8 this year

Monetary Policy Jul-Dec 2024 / Bangladesh Bank keeps policy rates unchanged

Kept repo rate at 8.5%, SDF rate at 7% and SLF rate at 10%

Bangladesh Bank set to unveil monetary policy

The central bank is expected to maintain a tight monetary stance for July-December

BB to adopt crawling peg to curb exchange rate volatility

The peg system would be linked to a carefully selected basket of currencies and operate within a predefined exchange rate corridor

Private sector credit growth target lowered to 10% from 11%

Bangladesh Bank also raised the benchmark policy rate by 25 basis points to 8 percent

Bangladesh Bank unveils monetary policy to tame inflation

The BB maintained a contractionary policy stance in the July-December of 2023-24

June 21, 2023
June 21, 2023

Monetary policy has been set free... but not really

While the government’s latest monetary policy for the first half of fiscal year 2023-24 shows an attempt to be rational for the market, it lacks vigour to solve inflation and the dollar crisis.

June 20, 2023
June 20, 2023

Inflationary pains for common people to persist

Like in the outgoing financial year, the common people in Bangladesh will continue to suffer from higher consumer prices in 2023-24 as the factors behind the elevated level of inflation are unlikely to change dramatically.

June 19, 2023
June 19, 2023

Tight monetary policy, but is it enough?

On the surface, the monetary policy appears to be tuned to the need of the hour: bring down inflation and conserve reserves. But it comes caving down on careful reading.

June 18, 2023
June 18, 2023

BB to follow tight monetary policy

The Bangladesh Bank has decided to increase the policy rate

June 18, 2023
June 18, 2023

Can new monetary policy crush inflation?

The Bangladesh Bank may today raise its key interest rates to tame inflationary pressure but the attempt might go in vain since the monetary authority may not withdraw the interest rate cap on loans in a true sense. 

May 31, 2023
May 31, 2023

Contain inflation, be business-friendly

The upcoming budget should target containing inflationary pressure to provide much-needed relief to consumers and be business-friendly to help the business community overcome the crisis stemming from the Russia-Ukraine war, said a number of businessmen and economists yesterday.

May 15, 2023
May 15, 2023

What Bangladesh's new budget should offer to common people

The upcoming budget poses significant challenges – arguably the most challenging in recent times – for economic policymaking in Bangladesh.

January 30, 2023
January 30, 2023

Forex volatility costs large firms Tk 65,000cr

Bangladesh’s conglomerates have lost Tk 65,000 crore over the past one year because of the fluctuation of the value of the taka against the US dollar as loans have become costlier due to the volatile global economy, said a noted economist yesterday. 

January 23, 2023
January 23, 2023

After energy, LC opening crisis now cripples businesses

At the beginning of 2022, businesses were upbeat and many of them thought that the worst stemming from the losses induced by the coronavirus pandemic was finally over. That was short-lived. 

January 17, 2023
January 17, 2023

Decision on the IMF loan January 30

Bangladesh’s $4.5 billion loan programme with the International Monetary Fund is expected to get the final approval on January 30, said the lender’s visiting top official yesterday.