Bangladesh Bank Governor Ahsan H Mansur said tightening monetary policy is the only globally practised remedy to heal inflationary pain, as businessmen opposed interest rate hikes for obstructing business expansion and job creation. 

Finance Minister Abul Hassan Mahmood Ali yesterday expressed hope that the government would be able to curb high inflation on the back of budgetary measures and the central bank’s steps.

The Bangladesh Bank is injecting fresh funds into the economy despite adopting a contractionary monetary policy, a contradictory move that may make it harder to tame stubborn inflation.

While the government is distracted by elections, the financial economy will suffer

Both global and local macro-challenges can have serious implications for the people of Bangladesh

Specific policy incentives are needed to stimulate the economy and revive the labour market.

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.

The government should prioritise job creation and inflation control in the budget for the next fiscal year in a bid to help the marginalised people survive amid higher prices of essentials, said the Citizen’s Platform for SDGs, Bangladesh, yesterday.