The Bangladesh Bank unveiled its monetary policy for the second half of the current fiscal year, with the goal to tame runaway inflation, which has been a concern for the past two years. Here are the major points of this monetary policy, and how they might -- at least in theory -- ensure a smooth economic journey for Bangladesh over the next six months.

They include edible oil, gram, pules, onion, sugar and dates

Even though the challenges are pointed out in the MPS, they fall short of measures to yield visible results

The central bank has rolled out a plan to introduce an interim crawling peg system for the taka to regulate abrupt fluctuations of its value, paving the way towards a fully flexible regime in the future. 

The BB said Bangladesh's economic outlook remains positive despite the ongoing challenges

The peg system would be linked to a carefully selected basket of currencies and operate within a predefined exchange rate corridor

Bangladesh Bank also raised the benchmark policy rate by 25 basis points to 8 percent

Bangladesh Bank unveiled the monetary policy for the second half of the current fiscal year

The BB maintained a contractionary policy stance in the July-December of 2023-24

Bangladesh's Summit Group set to supply 1.5 million tons of LNG per year to Petrobangla for 15 years, starting from Oct 2026

The CPD in partnership with WEF concluded the survey on 71 executives

The CPD in partnership with WEF concluded the survey on 71 executives

The Red Sea crisis is affecting Bangladesh's international trade as costs have increased

To tame inflation, BB is likely to increase the policy rate further

BB yesterday barred banks from transferring foreign currency to their offshore units

Bangladesh has seen an increase in import of products such as dairy, fruits driven by demand form the middle-class

Automobile sales in Bangladesh recorded the steepest fall in profits among all sectors in fiscal 2022-23

Sheltech Ceramics, a ceramics manufacturing company and a concern of Sheltech Group, has raised Tk 150 crore by issuing non-convertible cumulative preference shares.

In a business world plagued by unethical practices, adhering to ethical standards may seem idealistic to most - due to deeply ingrained practices. They leverage the unethical system for personal gain, acclaiming it as a “pragmatic survival strategy”. However, pursuing wealth and fame through unethical practices often lands them in prison.

Registering economic growth of 6.5 percent in fiscal year 2023-24 would be satisfactory for Bangladesh considering the current economic climate at home and abroad, according to Professor Shamsul Alam, the ex-state minister for planning.