It will be supported by the recent improvement of the current account balance to modest surpluses partly reflecting ongoing import restrictions, narrowing financial account deficits as business uncertainties gradually ease following the conclusion of the general elections in January, it said.
Major global rating agency Moody’s yesterday downgraded its outlook of Bangladesh’s banking system from stable to negative -- a crushing development that is set to make foreign transactions trickier and costlier for businesses and banks.
It will be supported by the recent improvement of the current account balance to modest surpluses partly reflecting ongoing import restrictions, narrowing financial account deficits as business uncertainties gradually ease following the conclusion of the general elections in January, it said.
Major global rating agency Moody’s yesterday downgraded its outlook of Bangladesh’s banking system from stable to negative -- a crushing development that is set to make foreign transactions trickier and costlier for businesses and banks.