The government has continued borrowing from Bangladesh Bank as commercial banks have been unable to come up with much-needed funds owing to a liquidity crunch. 

How do we address the silent famine that is looming large?

Bangladesh’s economy buckled, but it did not break. However, challenges remain.

Russia’s war in Ukraine might be taking place 5,800 kilometres away from Bangladesh and the country is not involved militarily in the dragging conflict in any way, but its economy and people have been paying heavy prices.

The current level of high inflation rate may persist throughout the ongoing fiscal year, according to a forecast of the Bangladesh Bank.

The volatility of commodity prices in both global and local markets has put ordinary people in Bangladesh in an uncertain situation.

The sudden rise in the price of sugar, a key ingredient for popular items such as biscuits, juices, sweets and candies, has pushed up the cost of production, putting manufacturers in a tight spot. 

People’s purchasing power is a key indicator of a country’s economic well-being, which gets eroded by high inflation.

Inflation leads to the devaluation of a particular currency.

Friday’s unprecedented hike in fuel prices, hot on the heels of increased electricity, fertiliser and gas prices, served as yet another massive blow to the people who are already struggling to barely survive amid surging living costs.

Inflation is pinching our wallet. No matter how much you earn every month, the effect of high inflation is squeezing your purchasing power. People around the globe are now saving less than before, because it is becoming difficult for so many of us to just meet the necessary expenses; prices of gasoline, food, and housing are all soaring high. During this time of economic crisis, try becoming a smart shopper to mitigate the negative impact of inflation on your quality of life.

Inflation in Bangladesh fell slightly in July although it still maintained a higher rate, figures released by the Bangladesh Bureau of Statistics showed today.

Despite significant progress, the country ranks 168th in the Ease of Doing Business Index out of 190 countries.

Inflation in Bangladesh hit a nine-year high of 7.56 per cent in June thanks to the spiralling prices of food products in the country.

Bangladesh Bank today raised its key interest rate, also known as the policy rate, by 50 basis points to 5.50 per cent, a move that would make funds costlier for banks.

The central bank of Bangladesh will have to use the monetary policy to stabilise the foreign exchange market to pave the way for curbing inflation through demand management, said Ahsan H Mansur, executive director of the Policy Research Institute of Bangladesh.

How do you control inflation in a market economy?

High inflation in Bangladesh has revealed the inherent weakness in the government’s domestic resource mobilisation approach, which is largely dependent on revenue collection from indirect taxes, said the Centre for Policy Dialogue (CPD) today.

Inflation shot up to 6.29 percent in April – highest in 18 months – amid persistently high food prices and non-food prices, said Bangladesh Bureau of Statistics (BBS) last evening (May 18, 2022).

When it comes to human development related expenses, the government should spend more.