Three issues—rising inflation, unstable exchange rate and interest rate—are difficult to address now, they noted.
Measures initiated by the Bangladesh Bank to reduce inflation and achieve a stable exchange rate are impossible through the current monetary policy, according to domestic experts.
However, independent policy formulated by the central bank and strong commitment from lawmakers can help control the situation, they told a roundtable in Dhaka recently.
However, independent policy formulated by the central bank and strong commitment from lawmakers can help control the situation, a domestic news outlet reported citing the experts, who discussed the issue at a roundtable on monetary policy organised by the Institute of Chartered Accountants of Bangladesh (ICAB).
As expatriate income is coming to the country through both formal and informal ways, the impact of inflation in the rural areas is not as severe as it should have been, former minister of state for planning Shamsul Alam said.
But the inflation target set in monetary policy may not be achieved and exports have not increased as expected, he was quoted as saying by domestic media outlets.
Fibre2Fashion News Desk (DS)
