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
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
Private sector activity continued to expand in January, albeit at a slower pace, as the Purchasing Managers' Index (PMI) eased to 53.9 from the previous month. The moderation signals sustained growth momentum, though at a more measured rate amid softer global conditions. Released on Sunday, the l
Bangladesh Bank unveils its next monetary policy today (Monday), with officials indicating that the central bank will maintain its tight stance for another six months to rein in inflation and stabilise the exchange rate. The Monetary Policy Statement (MPS) for the second half (January-June) of the
Election-centric money flows from and into the banking system surge as Bangladesh goes to the polls soon, with a domino effect on the economy.As the money market and public wallets fatten, a worrisome major macroeconomic parameter-inflation-takes in some new heat, analysts say. Apart from th
