BB maintains contractionary stance in MPS to tame inflation

BB maintains contractionary stance in MPS to tame inflation

Like the previous one, Bangladesh Bank (BB) has continued the contractionary mood in monetary policy statement (MPS) for the second half (January-June) of current fiscal 2023-24 (FY24).
BB Governor Abdur Rouf Talukder today announced the contractionary policy stance tightening the money supply to tame inflation.
"The central bank (BB) has adopted a contractionary monetary policy stance and implemented multiple measures aimed at curbing inflation," said BB Chief Economist Dr Md Habibur Rahman while presenting different sides of the MPS at BB headquarters in the city.