Tag: inflation
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Bank mergers and lack of foresight: a concern for the economy of Bangladesh
prothom hello , We see that the value of the dollar is increasing. Now the government has used the crawling peg system to devalue the taka. Many people say that this should have been done earlier. What do you say? Can this creeping peg measure make any difference now? Zahid Hussain There are questions about…
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IMF satisfaction: relief or anxiety for Bangladesh?
IMF complacency: Relief or discomfort for Bangladesh?
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Rising inflation hits Dhaka's kitchen markets: Consumers grapple with rising prices
Consumers in Dhaka are feeling the brunt of inflation as prices continue to rise amid high interest rates. Prices of almost all consumer goods, including fish, eggs, vegetables and other daily essentials, were the highest seen in a decade. Many consumers from various businesses said that the prices of vegetables, meat, chicken and fish remained…
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Rising prices of daily essential commodities in Bangladesh: Deep impact on current inflation scenario
Although potato prices are generally cheap at this time of the year, the vegetable is now being sold at Tk 50-55 per kg, which is 57 per cent higher than last year. According to the Department of Agriculture Marketing's analysis of price lists for 2021, 2022 and 2023 on May 9, the highest price of…
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Food inflation in Bangladesh exceeds 10% in April: Latest BBS report
Food inflation increased to 10.22 percent in April from 9.87 percent in March. Last November, food inflation was 10.76 percent. This picture of inflation has emerged in the updated report of Bangladesh Bureau of Statistics (BBS) published on Monday. However, non-food inflation eased slightly to 9.34 per cent in April from 9.64 per cent in…
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Asian markets remain mixed as traders halt ahead of US inflation data
The discussion on the US rate outlook comes as expectations rise that the European Central Bank and the Bank of England are planning summer cuts. London, Paris, Frankfurt and Amsterdam all hit new highs, with stocks also benefiting from strong first-quarter earnings. However, Asian markets were mixed in the early going, with Shanghai, Sydney, Seoul,…
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BIDS survey shows food inflation in Bangladesh to hit 15% in December 2024
Bangladesh Institute of Development Studies (BIDS) Director General Binayak Sen has said that food inflation in the country was 15 percent in December 2023. Citing a BIDS survey, Binayak Sen revealed this at an event organized to unveil a book at the BIDS office in Agargaon area of the city on Thursday. He also said…
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IMF urges Bangladesh to address banking sector weaknesses
Responding to a question about bank mergers, Chris Papageorgiou said that this initiative of Bangladesh Bank is needed because of the 61 banks of Bangladesh, some are very strong while others are not. The IMF team expressed satisfaction that Bangladesh has introduced the monthly fuel oil price adjustment system. Chris Papageorgiou commented, “The authorities have…
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Bangladesh Bank sees two challenges in the economy
Secondly, the policy interest rate will be increased by 50 basis points to 8.5 percent from the current 8 percent. Third, the six-month moving average rate treasury bill (SMART) system currently used to determine loan interest rates will be abolished. Instead, banks and financial institutions will set interest rates based on market demand, supply dynamics,…
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Revenue deficit may be Tk 820b in current financial year: CPD
Considering the circumstances, CPD has advised to set three main objectives in preparing the next budget. First, to restore macroeconomic stability and protect disadvantaged populations; Secondly, to take initiative to increase revenue collection so that dependence on banks is reduced and it becomes possible to meet necessary expenditure from revenue income; And third, to prioritize…
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Finance Minister dismisses inflation as main concern; Government measures highlighted to make it easier
At this point the journalists pointed out, this is people's hard-earned money, so why should projects be started based on assumptions? In response, the Minister of State for Planning said that politics and development cannot always be done according to mathematical calculations. In most cases projects are started based on certain ideas. Now there are…
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India hikes duty on rice exports by 20%, onion exports halted: Impact on inflation and elections
However, the Indian government said that despite the overall ban on onion exports, kitchen items will be exported to six countries in limited quantities at the G2G (government to government) level. Although it is being said in media reports that the government has taken this decision due to the recommendations of the Foreign Ministry of…
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Money Printing Debate: Bangladesh Bank’s Controversial Policy and Economic Impact
These contradictory statements were put forward in a seminar titled ‘A holistic assessment of Bangladesh’s economy in six months from the private sector perspective’. Dhaka Chamber of Commerce and Industries (DCCI) organized the seminar at its Motijheel office. Advisor to the Prime Minister on Economic Affairs Mashiur Rehman was the chief guest at the event…
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Rising prices of daily essential commodities: Impact on consumers in Bangladesh
Like sugar, prices of rice, pulses, edible oil, flour, onion, fish, meat and eggs are still high in the market. Every year in February the prices of winter vegetables reduce significantly. But this year the picture was opposite. Overall, people are not at peace. In its election manifesto announced ahead of the 12th parliamentary elections…
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Vehicle registrations to decline by 38 percent in 2023
Motorcycle sales were increasing year after year in the country. But motorcycle sales declined last year. According to BRTA, more than 500,000 motorcycles were to be registered in 2022. Sales dropped to about 300,000 in 2023. Motorcycle sellers said the price of motorcycles saw an increase of between Rs 10,000 and Rs 30,000 due to…