New monetary policy is appropriate in direction, but inadequate in dosage
Why this behind-the-curve approach of Bangladesh Bank to fighting inflation?
Source: thedailystar.net
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Time for a new central bank and monetary policy
Recently, policy changes at the central bank have been so enormous that they have already made the old monetary policy largely defunct. The policy changes, if adopted, will deliver not only a new monetary policy, but also a new central bank by knocking down a series of non-market rules – some of which were imposed on them by the finance ministry.
Source: thedailystar.net