Despite challenges, the development of Bangladesh over the years are definitely quite commendable, but in order to attain the future targets of high-income status and to attain the SDGs, much greater efforts are needed towards inclusive growth.
Recently, policy changes at the central bank have been so enormous that they have already made the old monetary policy largely defunct. The policy changes, if adopted, will deliver not only a new monetary policy, but also a new central bank by knocking down a series of non-market rules – some of which were imposed on them by the finance ministry.
For the 10th consecutive month, monthly wage growth of workers has remained below inflation, a trend that indicates a worsening poverty situation as many people are being compelled to cut consumption amid falling real income.