Bangladesh Bank has said that the economy of Bangladesh has started to turn around even though high inflation continues.

The central bank said this in the latest announced monetary policy.

After the review, the Monetary Policy Committee concluded that the current tight monetary policy should be continued until inflation reaches a bearable level. At the same time, Bangladesh Bank’s highest priority is inflation control.

According to central bank data, the upward trend in inflation has moderated recently and is continuing.

Note that Bangladesh Bank has been running a contractionary monetary policy for more than a year. Where the policy interest rate is raised and the printing of new money for government spending is avoided.

Meanwhile, Bangladesh Bank has targeted inflation to 6.5 percent by the end of the 2024-25 fiscal year.