The Bangladesh Bank today raised its domestic credit growth target by 30 basis points to 18.5 per cent for the second half of 2022-23 in order to allow higher government expenditures.
The central bank today said it is taking necessary measures to gradually move towards a market-based, flexible and unified exchange rate regime by the end of the ongoing fiscal year.
Bangladesh Bank today said it would pursue a cautiously accommodative policy stance in the second half of the current fiscal year to contain inflationary and exchange rate pressures.
Tackling Bangladesh's external deficit: The main argument for suppressing interest rates is to help out borrowers and the government from facing higher interest payment charges. But the whole point is to restrain their demand by making them pay more interest and reduce the current account deficit.
Tackling Bangladesh's external deficit: The main argument for suppressing interest rates is to help out borrowers and the government from facing higher interest payment charges. But the whole point is to restrain their demand by making them pay more interest and reduce the current account deficit.