In fact, we made some mistakes in our policy making even before the current global economic problems emerged. For example, maintaining the taka-dollar exchange rate, relying excessively on a product such as fuel oil rather than increasing revenue income, and treating foreign exchange reserves as investment assets rather than as symbols of economic strength and in times of emergency. Providing security And so when the global economic crisis suddenly appeared, there was no time to reform. It can also be seen that attempts have been made to delay the payment of fuel oil dues and some other foreign debts so as to preserve foreign exchange reserves, but in reality to reach an agreement on fixing a schedule for repayment. There should be conversation. ,
Meanwhile, international credit rating agencies have downgraded our credit rating, which means lending conditions will be even tighter in the future.
Lack of confidence is a serious problem in times of economic crisis. This is not conducive to reducing inflation, creating an investment climate or attracting investment. Once inflation increases, a kind of inflationary expectation is created in the economy. As a result, the price of goods automatically increases. At present, budget management and monetary policy can also promote inflation.
It is not clear why the money supply ratio to GDP has increased despite stagnation in private sector investment. When monetary transactions increase in the upcoming election season, there may be further pressure on inflation. On top of that, if there is a food shortage, it will become even more difficult to keep the situation under control.
