As the economy seeks to bounce back from years of troubles, with the rate of inflation still at double digits, Bangladesh’s central bank has decided to continue with a contractionary monetary policy for the January-June period, until the desired level of inflation is achieved.
Therefore, in early February, the bank's monetary policy committee kept the interest rate at 10%.
“The main goals of the new monetary policy are to contain inflation, stabilise the foreign exchange market while building foreign exchange reserves of Bangladesh Bank, and address the rapidly rising non-performing loans in banks and financial institutions,” the central bank said unveiling the monetary policy statement earlier this...
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