BB to continue ‘cautious’ monetary policy for H2
The Bangladesh Bank (BB) will continue its existing ‘cautious’ monetary policy for the second half (H2) of the ongoing fiscal year (FY) 2014-15 with an aim to maximise economic growth by curbing inflationary pressure on the economy.
“The cautious monetary policy stance of H1 FY 15 will remain unchanged in H2 of FY15 without any new loosening or tightening,” BB Governor Atiur Rahman said while formally announcing the monetary polity statement (MPS) for the January -June period of this fiscal at a press conference held at the central bank headquarters in Dhaka Thursday.
Bangladesh ranked 2nd with 7pc GDP growth: IMF
Bangladesh ranked at second place in the top 10 of growth rate with 7 percent GDP, according to IMF report.
According to an IMF projection Bangladesh will record the second highest growth in the world in 2019 with 7%. Iraq will top the list that year with 9.2% growth. The report only includes countries with a GDP worth over $100 billion (Tk7.8 lakh crore).
Qatar topped the list in 2010 and 2011 to be replaced by Iraq in 2012. Ranging back to 2002, the graph shows Bangladesh among the top growers in 2012 with 6.1%.
The follo...
According to an IMF projection Bangladesh will record the second highest growth in the world in 2019 with 7%. Iraq will top the list that year with 9.2% growth. The report only includes countries with a GDP worth over $100 billion (Tk7.8 lakh crore).
Qatar topped the list in 2010 and 2011 to be replaced by Iraq in 2012. Ranging back to 2002, the graph shows Bangladesh among the top growers in 2012 with 6.1%.
The follo...
New monetary policy for 15.5pc private credit growth
Bangladesh Bank has announced the monetary policy for the first half of 2015 with the “cautiously restrained” monetary policy stance of the latter half of 2014.
Private sector credit will have space for 15.5 percent growth, a substancially higher level than that of the 12.7 percent November 2014 level, BB governor Atiur Rahman said while unveiling the new monetary policy today at a press conference in Dhaka.
“There are no new loosening or tightening in the new monetary policy. The cautiously restrained policy wi...
Private sector credit will have space for 15.5 percent growth, a substancially higher level than that of the 12.7 percent November 2014 level, BB governor Atiur Rahman said while unveiling the new monetary policy today at a press conference in Dhaka.
“There are no new loosening or tightening in the new monetary policy. The cautiously restrained policy wi...
Phl-Bangladesh Business Council launched
The Philippine-Bangladesh Business Council was launched last Jan. 21 in Manila through the initiative of Bangladesh Ambassador John Gomes (3rd from left front). The event was witnessed by the Philippine Ambassador to Bangladesh Vicente Vivencio Bandillo (2nd from left front), Miguel Varela, PCCI chairman (4th from left front), Rashed Maksud Khan, president of Bangladesh-Philippines Chamber 
of Commerce and Industry (BPCCI) (center f...
of Commerce and Industry (BPCCI) (center f...
Garment exports to US on the decline
Garment exports to the US, Bangladesh’s single largest export destination, declined 3.17 percent year-on-year to $4.64 billion during January-November last year, due to a slowdown in work orders after the Rana Plaza building collapse.
Bangladesh was the sixth largest sourcing country for the US during the period though Bangladesh’s position was third even a few months ago, according to the US Department of Commerce, reports the Daily Star.
Exports to the US started declining when retailers from...
Exports to the US started declining when retailers from...
Ctg port can boost business in northeast India, Bangladesh
A deal must be finalised to leverage the Chittagong international port for expanding business between northeast India and Bangladesh, Tripura Chief Minister Manik Sarkar has said.
“Chittagong international port (in southeast Bangladesh) could play a catalyst role for the extension of business and economic growth between northeast India and Bangladesh. Governments of two countries must finalise a deal in this regard,” Sarkar said here Thursday night.
After inaugurating a photography exhibition of Bangladeshi journa...
After inaugurating a photography exhibition of Bangladeshi journa...
