A decisive regulatory move for licensing digital banks flops as an emergency board meeting of Bangladesh Bank backtracked following strong protest from officers against such last-minute decision during governmental transition. Sources said a strong protest from the BB officers' platform upse
An expert body has recommended radical restructuring of anomalous trade taxes for building a dynamic and trade-oriented economy capable of generating jobs and inclusive growth. As of the last financial year, finished consumer goods enjoyed about 2.4 times higher tariff protection than intermediate
The Bangladesh Nationalist Party (BNP)-led alliance is going to form a new government with heavy socioeconomic burdens after its landslide victory in the 13th national election. The $462 billion economy has recently been passing through a sluggish state due to the absence of an elected and democra
Bangladesh Bank (BB) on Tuesday purchased US$171 million from 11 commercial banks through multiple auction methods as part of its ongoing strategy to curb the depreciation of the US dollar against the Taka and revitalise the remittance and export sectors. According to central bank data, it bought
Bangladesh Bank has yet again decided to be clenched-fist on money supply. During the second half of this fiscal year, according to monetary policy statement (MPS), the policy rate will remain unchanged at 10 per cent as inflation frowns. In the new MPS unveiled Monday, the central bank, ho
