Recent Monetary Policy Statement of Bangladesh Bank (July 2009): An Analytical Commentary
This CPD paper examines the appropriateness of the monetary policy of the country (for July-December 2009 period) in view of the emerging challenges in the areas of inflation control, price stabilisation and exchange rate management, and at the same time comes up with a number of critical observations in this regard. The study highlights the need for bringing down the currently existing high interest rate, reduction of non-performing assets, mainstreaming of microfinance in the monetary policy, and improving compliance with Basel II requirements in view of the global financial crisis. It examines the context of global debates on role of the monetary policy, with particular focus on the issue of containing inflation and stimulating economic growth. It also deals with the challenges of utilising excess liquidity in the banking systems and disbursement of agri-credit.
|Date of creation:||Sep 2009|
|Contact details of provider:|| Postal: House 40C, Road 32, Dhanmondi R/A, Dhaka 1000|
Phone: (880-2) 8124770
Fax: (880-2) 8130951
Web page: http://www.cpd.org.bd
More information through EDIRC
References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Partha Chatterjee & Malik Shukayev, 2006. "Are Average Growth Rate and Volatility Related?," Staff Working Papers 06-24, Bank of Canada.
When requesting a correction, please mention this item's handle: RePEc:pdb:opaper:82. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Avra Bhattacharjee)
If references are entirely missing, you can add them using this form.