Challenges to economy spotted sans measures
The finance division has identified around half a dozen challenges, including high inflation, a low tax鈥揋DP ratio, non-performing loans, and high...
Tags : INFLATION
Checking inflation biggest challenge in FY25: EAB
The Exporters Association of Bangladesh on Tuesday said that controlling inflation would be the biggest challenge in the upcoming financial year as foreign currency reserve of the country had depleted...
Budget to hit disadvantaged people hard: SDG platform
The Citizen鈥檚 Platform for SDGs, Bangladesh on Monday said that the proposed budget for 2024鈥�25 fiscal year would hit the disadvantaged people hard as the government deducted allocations for them amid high inflation...
Inflation unlikely to ease soon: Kholiquzzaman
Economist Qazi Kholiquzzaman Ahmad highlighted on Monday that Bangladesh鈥檚 economy was trapped in a 鈥榲icious circle,鈥� rendering inflation control policies ineffective, unlike the successes seen in Sri Lanka, India and Pakistan...
Will the budget attain targeted goals?
THE finance minister, Abul Hassan Mahmood Ali, placed the budget for the 2024鈥�2025 financial year in parliament on June 6. This is his first budget as finance minister and the first for the incumbent government...
Govt seeks six months to curb inflation
The government has proposed the reintroduction of undisclosed money legalisation scopes in the new national budget to appease businessmen, officials...
Govt targets inflation 6.5pc, economists doubt
The government has set a target to limit inflation within 6.5 per cent in the financial year 2024鈥�25, although prices of food and non-food items keep rising over...
Govt must reassess measures to contain food inflation
THE average inflation in the outgoing financial year surpassing the average inflation in the past financial year, which was a decade-high, shows the inefficiency and inadequacy of measures taken by the government to contain inflation. The overall 12-month average inflation has been recorded by the Bangladesh Bureau of Statistics at 9.73 per cent...
Food inflation nears 11pc聽
Food inflation continued to maintain an upward trend in May, pushing overall inflation to a seven-month high and compounding the miseries of the...
Turkish inflation exceeds 75pc
Turkish inflation jumped above 75 per cent in May, official data showed Monday, but officials expect consumer prices to have finally peaked in a cost-of-living crisis that has dogged president Recep Tayyip Erdogan...
Govt fails to check high inflation
The Center for Policy Dialogue on Sunday said that the government had failed to tackle the inflation due to weak market monitoring causing price hike of...
Global stocks rise as US inflation gauge steadies
US and European stock markets mostly rose Friday as investors digested fresh inflation data that could set the tone for interest-rate moves by central banks...
Not enough reason for DWASA to increase water tariff
THE increase in the tariff of supply water for Dhaka by 10 per cent, which will take effect on July 1, would be another burden on people, especially from low- and fixed-income groups, who have already been constrained by soaring inflation...
Proper market intervention needed to check inflation: BB
The Bangladesh Bank in a report said that proper market intervention and implementation was needed to address the widening price gap between retail and wholesale prices of essential items that contributed to high food inflation in Bangladesh...
Manufacturing sector hit by high inflation, dollar crisis: MCCI
The manufacturing sector of the country has been hindered by lower consumption in both domestic and external level amid high inflation, import restrictions due to a dollar crisis and shortage of gas and electricity over the past few months, according to the Metropolitan Chamber of Commerce and Industry鈥檚 economic review...
Japan inflation slows in April, sparking questions over rates
The pace of Japanese inflation slowed in April as gas bills fell, government data showed Friday, raising questions about when the Bank of Japan will hike interest rates again...
UK inflation slows to near 3-year low
Britain鈥檚 annual inflation rate slowed to a near three-year low in April as energy prices cooled further, official data showed Wednesday, boosting the governing Conservatives before this year鈥檚 general election...
NSC sales plunge amid high inflation in Bangladesh
The net sales of national savings certificates plummeted in the July-March period...
High inflation reduces forex reserves: BBTA study
High inflation reduces foreign exchange reserves, as more reserves are necessary to stabilise the foreign exchange market and cool down inflation, according to a research paper by officials of the Bangladesh Bank...
Deplorable absence of measures to contain food inflation
THE food inflation that has remained high for more than two years now reached double digits once again in April after a gap of four months. The Bureau of Statistics in its monthly update says that food inflation was 10.22 per cent in April. The surge was, as economists...
Food inflation hits double digit in peak rice harvesting season
The general food inflation in April crossed double-digit again after a four-month gap, heightening the risk of food security for the majority of...
Financial account deficit surges to $9.26 billion
The country鈥檚 financial account deficit surged to $9,258 million in July-March, the first nine months of the current financial year 2023鈥�24, against a deficit of $2,928 million in the same period of FY23...
Turkey unveils 3-year austerity plan to slow high inflation
Turkey announced Monday a three-year austerity plan aimed at reducing public spending to calm inflation that reached heights of nearly 70 pe rcent year-on-year in April.
China consumer prices in Apr rise at faster rate
China鈥檚 inflation rate quickened last month, official data showed Saturday, as the government works to boost spending in the world鈥檚 second-largest...
BoE holds rate at 16-yr high, signals looming cut
The Bank of England on Thursday kept its main interest rate at a 16-year high, but hinted at a cut over the summer as UK inflation cools further and the country looks set to exit recession.聽
Inflation too prickly for BB to sort out with poor measures
INFLATION has remained a prickly issue that the Bangladesh Bank appears not to have been able to control because of its ineffective policies and failures in the implementation of the monetary policy. The Bangladesh Bank Order 1972 lays out that the first and foremost function of the central bank...
Bangladesh Bank policies fail to curb high inflation
The Bangladesh Bank has been struggling to control high inflationary pressure, primarily due to ineffective policies and failures in implementing monetary policy, economists said...
UK worst-performing economy in G7 next year: OECD
The UK will be the worst-performing聽economy聽among the G7 next year because of lingering inflation and stubbornly high interest rates, said the Organisation for Economic Cooperation and Development on Thursday...
Frequent loan rescheduling fuels inflation: Farashuddin
Former Bangladesh Bank governor Mohammed Farashuddin on Thursday blamed the frequent rescheduling of classified loans for high inflation persisting in the country...
German inflation rate unchanged
German inflation was unchanged in April, official data showed Monday, holding at a three-year low as hopes grow that the European Central Bank will soon start cutting interest rates...