Dhaka, Feb. 1 -- Instead of adopting an ultra-tight monetary policy, the task force on re-strategizing the economy and mobilising resources for equitable and sustainable development suggested that Bangladesh Bank adopt an accommodative monetary policy.
The 12-member taskforce also recommended supply-side policies as recommended by task force to fight inflation including easing imports of food and essential items by reducing LC margins and tariffs; increasing competition among the importers of edible oil, sugar, LNG, etc; and cautious attempts for energy price adjustments.
The report submitted to Chief Adviser Muhammad Yunus on Thursday night suggested adopting the monetary policy with a moderate tightening of the money supply that may kee...