Inflation stays stubborn despite rate hikes. Can it be tamed? Asia News Network (ANN) is the leading regional alliance of news titles striving to bring the region closer, through an active sharing of editorial content on happenings in the region.
When Abdur Rouf Talukder unveiled his first monetary policy statement as the governor of the central bank in January last year, inflation was already above 8.5 percent. Since then, he presented one more statement and raised the benchmark lending rate eight times.
South Asian nations succeeded in taming inflation. Bangladesh, not so much Asia News Network (ANN) is the leading regional alliance of news titles striving to bring the region closer, through an active sharing of editorial content on happenings in the region.
Most South Asian countries succeeded in reining inflation in 2023 in a major relief for their populations who struggled after prices spiralled owing to the shocks stemming from the lingering impacts of the coronavirus pandemic and the Russia-Ukraine war.