Inflation
Accurate statistics are essential for food security
There is a lack of reliable statistics in the country. The data regularly provided by various government and private organizations are often questionable and do not always align with reality. As a result, the public has limited confidence in the statistics related to national income growth, inflation, production, consumption, and distribution. This lack of trust must be addressed by ensuring accurate and reliable data from the concerned institutions. Without this, it is impossible to formulate and implement effective development plans. Accurate statistics are also crucial for research; otherwise, the findings may fail to achieve their intended goals.
Curbing inflation is priority over high growth now
cently, Bangladesh Bank announced a new monetary policy. This was the second monetary policy for the current fiscal year (2024-25) and the first one formulated under the present interim government. For quite some time, economists had been discussing the proposed monetary policy. Given the ongoing trend of high inflation in the country for nearly three years, there was significant interest in what kind of monetary policy would be adopted
No more delays in the name of reforms—Control inflation
The leaders of the top four business organizations in the country have expressed their concerns regarding the government's initiative to increase gas prices in a joint letter addressed to the Energy Adviser. They have warned that raising gas prices at this moment will severely impact industries, leading to a sharp rise in production costs. As a result, Bangladeshi products may lose their competitive edge in the international market.
Why Tulip Siddiq’s resignation matters to Bangladeshis more than the British
Tulip Siddiq, a minister from the UK’s ruling Labour Party, resigned from her position as the Economic Secretary to the Treasury and City Minister after being implicated in an investigation regarding the alleged embezzlement of £3.9 billion from Bangladesh's infrastructure projects. The accusation is that her family was involved in the misappropriation of these funds. Following the involvement of her name in a corruption investigation in Bangladesh, pressure had been mounting for her resignation. Recently, she, along with her mother, brother, sister, and aunt, has been accused in a corruption case in Bangladesh. However, Tulip Siddiq has consistently denied the allegations.
Why sudden VAT increase amid high inflation?
For the past two years, the people of the country have been struggling against rampant high inflation. According to the Bangladesh Bureau of Statistics (BBS), the average inflation last year was 10.34 per cent. Although the overall inflation decreased slightly in September, food inflation remained above 10 per cent. BBS data shows that in December, food inflation was 12.92 per cent, while non-food inflation was 9.26 per cent.
BB withdraws policy interest rate hike initiative
BB withdraws policy interest rate hike initiative
Bank bailouts through money printing could ignite inflation
Bank bailouts through money printing could ignite inflation
Trending Views
