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Confronting rough patches in the context of global economic and financial instability

The Bangladeshi banking sector needs to focus on data gathering, knowledge creation, capturing, storing and application to minimise risks and create a sustainable banking sector and successfully navigate the difficult situation it finds itself in

27 August, 2022, 11:05 am

Last modified: 27 August, 2022, 11:11 am

Illustration: TBS


Illustration: TBS

High inflationary pressure is hurting global economies and causing market instability. Both developed and developing economies are facing an inflationary burden and attempting to address the situation by raising their policy rates.  Since the US consumer price inflation rate is increasingly likely to remain high as its core rate reached 6% in May, the US central bank has announced unusually large interest rate hikes to rein in soaring prices in the world’s largest economy. 

The European Central Bank has also announced its intention to raise its policy rate in July…

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