How fixed rate regime makes Bangladesh Bank's monetary tools

Ineffectiveness of monetary tools BB sets LC rate at Tk87.90 per dollar; market rate Tk95-97 BB sets deposit rate above inflation; banks set 4% deposit rate, while inflation is 6% Official remittance rate Tk87.90 per dollar; kerb market rate Tk97-100 Inflation target 5.4%; April rate 6.29% Policy rate 4%; call money rate 4.76-8.60% At a time when the country's money market has

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