Money in Bangladesh
Bangladesh - MoneyThe economy likely grew robustly in the first seven months of this fiscal year, which started in July. In July–January, USD-denominated remittances increased by slightly over one-fifth in year-on-year terms, which should have stoked private consumption, although wage growth of low-paid workers only just outpaced inflation. Higher government spending on infrastructure should have also supported economic growth. However, bank lending to the private sector slowed in July–November, likely undermining investment, while exports of goods fell by around 5% in July–January. More recently, several banks have reportedly cut interest rates to implement the government’s decision to cap lending and deposit rates from 1 April at 9.0% and 6.0%, respectively; the move is intended to bolster lending.
Bangladesh - Money Data
|Money (annual variation in %)||16.1||12.4||16.4||10.9||9.2|
5 years of economic forecasts for more than 30 economic indicators.
Bangladesh Money Chart
|Exchange Rate||84.89||0.14 %||Jan 01|
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