monetary policy
Stabilising prices is the immediate priority
Inflationary pressure is being felt severely in the face of wage growth declines.
Monetary Policy Jul-Dec 2024 / Private sector credit growth target lowered to 9.8%
The target for January-June was 10%
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
Is monetary policy helping contain inflation?
The Federal Reserve of the US and the European Central Bank kept hiking policy rates in their fight against record inflation throughout last year and this year whereas the central bank of Bangladesh chose not to use the full force of the monetary policy.
Stabilising prices is the immediate priority
Inflationary pressure is being felt severely in the face of wage growth declines.
Private sector credit growth target lowered to 9.8%
The target for January-June was 10%
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
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
Is monetary policy helping contain inflation?
The Federal Reserve of the US and the European Central Bank kept hiking policy rates in their fight against record inflation throughout last year and this year whereas the central bank of Bangladesh chose not to use the full force of the monetary policy.
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.