Dhaka, April 7 -- Bangladesh Bank has informed the International Monetary Fund (IMF) that it will consider reducing the policy rate once inflation falls below 8 per cent.
Governor Ahsan H Mansur conveyed this message during a meeting with the visiting IMF delegation in Dhaka on 6 April, according to central bank spokesperson Arif Hossain Khan.
"In response to the IMF's inquiry, the governor mentioned that inflation is projected to decline to 8.2 per cent by June, based on estimates from both Bangladesh Bank and the IMF," Khan stated.
While the IMF team expressed concerns about the country's revenue collection, they also acknowledged the progress made through the central bank's ongoing reform initiatives, the spokesperson added.
Later in...