, June 14 -- The government has identified inflation as the foremost challenge for the economy in the coming days, like it has been for over two years now.

"Recognizing the challenge of high inflationary pressures, a tight monetary policy stance has been adopted and contractionary fiscal policies are being pursued, with deliberate efforts to restrain aggregate demand and accommodate a moderate growth trajectory in the short run," Ministry of Finance said in its Medium Term Macroeconomic Policy Statement (MTMPS).

It said that amid a rapidly evolving global landscape and domestic challenges, Bangladesh has adopted a moderate growth path in the short term, with a focus on transitioning to a robust and sustained trajectory in the medium-ter...