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BB to Keep Rates on Hold, Kabir Said

January, 30 2017
watermark Economic news

The central bank of Bangladesh maintained its key policy rates on January 29, Sunday according to Governor Fazle Kabir, noting the comprehensive Macro stability coupled with a stable inflation forecast. As mentioned by the bank’s governor, the predicted average inflation was estimated from 5.3 to 5.6 percent in June which is lower than the 5.8 percent goal for the fiscal year of 2016-17.

Kabir also added that the increasing value of the global commodities for this year would probably weigh an upward pressure on the domestic prices, he said in a press conference, marking the quantitative measure of the monetary policy from the month of January to June. Moreover, the Bangladesh Bank (BB) have c trim its interest rate with a half percentage point in January 2016.

The average rate of inflation reached 5.92 percent during the fiscal year 2015-2016 which is the lowest record in 12 years. It is because of the steep decline in the commodity prices and the output in agriculture from South Asian countries, approximately 160 million individual.

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Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.