Firm exchange rate, easing inflation unachievable: Bangladesh experts

Three issues—rising inflation, unstable exchange rate and interest rate—are difficult to address now, they noted.

However, independent policy formulated by the central bank and strong commitment from lawmakers can help control the situation, a domestic news outlet reported citing the experts, who discussed the issue at a roundtable on monetary policy organised by the Institute of Chartered Accountants of Bangladesh (ICAB).

As expatriate income is coming to the country through both formal and informal ways, the impact of inflation in the rural areas is not as severe as it should have been, former minister of state for planning Shamsul Alam said.

But the inflation target set in monetary policy may not be achieved and exports have not increased as expected, he was quoted as saying by domestic media outlets.

ALCHEMPro News Desk (DS)