Dhaka, Feb. 12 -- The recent Monetary Policy Statement (MPS) unveiled by Bangladesh Bank (BB) for the January-July period of the 2024-25 financial year reflects a prudent approach to navigating the complex economic landscape.
As per a report published in this newspaper on Tuesday, by maintaining the policy rate at 10 per cent, alongside the Standing Lending Facility (SLF) and Standing Deposit Facility (SDF) rates, the central bank signals its commitment to a "reasonably tight" monetary policy aimed at curbing inflation and stabilising the foreign exchange market.
Inflation remains a pressing concern, with rates having recently declined from 11.38 per cent to 9.94 per cent.
BB's target of reducing inflation to a range of 7 to 8 per cent b...