Market-Based Interest Rate Bangladesh: Bangladesh Bank is going to introduce a flexible interest rate and exchange rate instead of fixed or band rates in line with the prescription of International Monetary Fund (IMF).
However, this will not be easy for a least developed country (LDC) like Bangladesh, he added while addressing the inaugural session of the “First Development Studies International Conference- DSIC 2024”.
Bangladesh Bank (BB) Governor Abdur Rouf Talukder yesterday (5 May) said the central bank will soon adopt a market-based interest rate and apply a crawling peg system to fix the foreign exchange rate. He said the BB is working with prominent economists and bankers to prepare a contractionary monetary policy measure to curb inflation and restore macroeconomic stability. Abdur
Bangladesh needs to take the crucial decision of embracing digital technology to ensure essential services like healthcare and education, said Binayak Sen, director general at the Bangladesh Institute of Development Studies (BIDS), yesterday.