Economics
BB withdraws policy interest rate hike initiative
BB withdraws policy interest rate hike initiative
Can lending to weak banks restore customer confidence?
Can lending to weak banks restore customer confidence?
Prioritizing inflation control for economic resilience
According to the data from the Bangladesh Bureau of Statistics (BBS), the overall inflation rate in the country reached 11.38 per cent in November. This is the highest inflation rate in the past four months. Inflation is rising across both urban and rural areas. Among this, the food inflation rate was 13.80 per cent, the second highest in the last 13 and a half years. In July, the food inflation rate had reached 14.10 per cent. The goal of the monetary policy announced by the Bangladesh Bank is to control high inflation by reducing the money supply in the economy; however, no measures have been successful in controlling high inflation so far. There are no visible signs of inflation coming under control, and inflation continues to rise steadily.
Limited progress on people's economic hopes
After assuming office, the interim government formed a committee to prepare a white paper to understand the real state of the country's economy. The committee has already officially handed over its report to the chief advisor. The information about corruption and irregularities revealed in the white paper will alarm any conscientious person. It is undeniable that the country's economic condition is far from good. On August 5, following the student movement, former Prime Minister Sheikh Hasina resigned and left the country, and on August 8, the interim government assumed power.
Emphasizing loan recovery over redefining defaulted loans
Emphasizing loan recovery over redefining defaulted loans
Ignorance is the root to problem
Bangladesh Bank Officers Welfare Council Election Ignorance is the root to problem
Are borrowers or bankers more to blame for default loans?
According to the latest statistics from Bangladesh Bank, the total amount of default loans in the country's banking sector has reached 2,84,977 crore taka. This constitutes 16.93 per cent of the total loans disbursed by banks. In July, the amount of default loans was 2,11,391 crore taka. Therefore, in just three months, the amount of default loans in the banking sector has increased by 73,586 crore taka. During this period, the amount of default loans in state-owned banks has increased by 23,628 crore taka, while in private banks, the increase was 49,885 crore taka.
Financial crisis is not so critical
During a workshop titled "Inequality, Financial Crimes, and the Healing of Bangladesh's Economy," organized by Bonik Barta on November 11, 2024, at the Pan Pacific Sonargaon
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