Dhaka, Sept. 26 -- Inflation in Bangladesh has remained persistently high over the past several years, testing the limits of the country's monetary policy framework. Structural constraints, shallow financial markets, and fiscal dominance have weakened the effectiveness of conventional monetary tools. Recent empirical research by Bangladesh Bank highlights the mixed and time-varying relationship between policy rates, money supply, and inflation. These findings underline the importance of a credible, forward-looking policy framework that is both market-oriented and well-coordinated with fiscal policy. This article briefly evaluates the effectiveness of recent reforms-particularly the shift to interest rate targeting, adjustments to the Inte...