Economists urge BB to maintain tight monetary policy amid power, fuel tariff hikes
Dhaka, June 5 -- Economists have suggested continuing the tight monetary-policy stance as the latest power tariff and petroleum product price hikes could heighten inflationary pressure further.
They say although the existing monetary-policy steps are contractionary in nature, the policy is not tight enough to contain inflation as an increased volume of money is being injected into the market through various Bangladesh Bank (BB) instruments.
The observations came at a stakeholders' meeting on Thursday between the Bangladesh Bank and leading economists, senior bankers, and journalists.
The meeting was held before finalising the monetary policy statement for the second half of this calendar year.
The statement will be unveiled on June 30...
Click here to read full article from source
To read the full article or to get the complete feed from this publication, please
Contact Us.