Bangladesh's overall inflation rate eased to 8.29 per cent in August, down from 8.55 per cent in July, marking the lowest level in more than three years, according to official data released on Sunday by the Bangladesh Bureau of Statistics (BBS).
The last time inflation fell below this level was in July 2022, when it stood at 7.48 per cent. Since then, inflation has remained persistently above the 8 per cent mark, placing...
Bangladesh’s economic growth momentum softened in August, with the country’s Purchasing Managers’ Index (PMI) dropping by 3.2 points to 58.3 compared to July, according to a report released on Sunday.
The PMI, jointly compiled by the Metropolitan Chamber of Commerce and Industry (MCCI), Dhaka, and Policy Exchange Bangladesh (PEB), indicated that while the economy has now registered 11 consecutive months of growth, key sectors such as agriculture and construction slipped back into contraction.
Dr Fatou Bensouda, Chair of CABI’s Executive Council and High Commissioner for The Gambia to the UK, and Tanvir Mohammad Azim, Executive Council Member for Bangladesh and Commercial Counsellor ...
This information is based on the unaudited data made available by 46 public and private non-life insurance companies to the country’s insurance regulator, Insurance Development and Regulatory Authority (IDRA).
From world leaders, to the tiniest manufacturers thousands of miles from Washington, decision-makers across the global economy are racked with uncertainty as they scramble to come to terms with Donald Trump’s historic tariffs.
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Donald Trump and China’s President Xi Jinping. China reacted to the tariffs hike with a reciprocal 34% levy, sending markets plummeting[/caption]
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US Federal Reserve (Fed) has opted to maintain the target range for the federal funds rate at 4.25 to 4.5 per cent, as economic indicators suggest continued solid expansion despite rising uncertainty.Insights
- US Federal Reserve has kept interest rates steady at 4.25 to 4.5 per cent, citing strong economic activity, low unemployment, and persistent inflation.
- The Fed will slow its balance sheet reduction, cutting Treasury redemptions from $25 billion to $5 billion monthly.
- Economic uncertainty has increased, and the Fed remains flexible on future adjustments.
