BB says it's ready to face oil price rise impact
The government and Bangladesh Bank (BB) have taken measures so that the steep rise in petroleum prices on the global market does not hamper macroeconomic stability, the central bank governor said yesterday.
"The government has yet to adjust the oil prices in the light of upward trends in international markets, though state-owned Bangladesh Petroleum Corporation (BPC) continues incurring losses," BB Governor Dr Salehuddin Ahmed told reporters after a fellowship giving ceremony at Dutch-Bangla Bank Ltd (DBBL) in Dhaka.
He said there could still be a pressure, but the economy would not crumble as a whole for oil price hike.
Salehuddin added that the central bank has already channelled $300million to the three state-owned banks for import of petroleum. So, the money market should not be affected for paying bills for petroleum imports, the governor observed.
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