The Bangladesh Bank is going to take a raft of policy measures to tackle inflationary pressure, volatility in the foreign exchange market and growing non-performing loans (NPLs) and give a much-needed boost to the forex reserve.
“We often find international public finances to be costly and out-of-reach. We try to stay clear of high-interest-rate loans to avoid debt distress. Bangladesh has never defaulted on its loan repayment, and we hope to maintain that record,” she said
The US Federal Reserve and European Central Bank raised rates to combat high inflation last year and this year. In contrast, Bangladesh's central bank opted for a more measured approach in its monetary policy.