Monetary policy talks start today | The Daily Star
12:00 AM, June 23, 2010 / LAST MODIFIED: 12:00 AM, June 23, 2010

Monetary policy talks start today

The central bank for the first time has taken an initiative to discuss its coming monetary policy with stakeholders to make it growth-supportive and inflation-checked.
Former finance ministers, advisers, governors, economists, researchers and business leaders will take part in discussions.
The consultation meeting kicks off this evening in Dhaka, Bangladesh Bank officials said.
“We want to make the coming monetary policy for July-December more participatory than before,” BB Governor Atiur Rahman told The Daily Star yesterday.
The key points of the discussions are: Stakeholders' perception on domestic inflationary pressure --whether it is for supply side constraints, excess demand, asset bubble or global commodity price hike.
How the central bank could manage exchange rate, farm and SME credits will also be on the agenda.
BB announces the country's monetary policy biannually -- January-June and July-December. The policy mentions how inflations and private sector credit will be managed.
The central bank did never discuss about the monetary policy with former finance ministers, advisers, governors, economists, researchers and development professionals.
“We'll take notes from the expert discussants whether the current policy is lax or tight and how it should be to support the economic growth,” said Atiur. “We hope they will identify our faults also.”

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