Since the new government took office, Bangladesh Bank has raised the policy interest rate three times in an effort to keep inflation under control. In the market, there was no favorable outcome, though. With the challenging task of containing inflation, the monetary policy for the latter half of the fiscal year will be announced at the end of this month. According to Bangladesh Bank, the new monetary policy will not raise the policy interest rate once more. Additionally, the growth of private sector credit will remain unchanged.

Monetary policy establishes targets for inflation, private credit expansion, and the market money supply over a given time frame. Every six months, announcements are made in Bangladesh to promote sustainable and dynamic economic activity.

Over the past six months, the new governor has implemented a number of changes. In order to keep inflation under control, he increased the policy interest rate from 8.5 percent to 10 percent during this period. A new approach to fixing the dollar rate has been imposed by him. As a result, his chances of surprising with the next monetary policy are slim.

Dr. Fahmida Khatun, executive director of CPD, stated that choosing the appropriate monetary policy is more crucial than displaying charisma.
Over the past six months, the new governor has implemented a number of changes. In order to keep inflation under control, he increased the policy interest rate from 8.5 percent to 10 percent during this period. A new approach to fixing the dollar rate has been imposed by him. As a result, his chances of surprising with the next monetary policy are slim.

Dr. Fahmida Khatun, executive director of CPD, stated that choosing the appropriate monetary policy is more crucial than displaying charisma.
Bangladesh Bank has conducted a number of monetary policy preparatory meetings in the interim. The last six months’ worth of data have been considered. However, the regulatory body is also reconsidering since private investment has not increased to the intended level.