Salehuddin Ahmed The Bangladesh Bank (BB) Governor Salehuddin Ahmed Wednesday laid emphasis on proper coordination between monetary, fiscal and trade policies to help curb rising inflationary pressure on the economy.
Ahmed also felt the need for following multiple heterodox measures, such as introduction of employment and income generating programmes and government's interactions with trade bodies and wholesale and retail traders, along with market-based policy measures to help keep hike in prices within a tolerable limit.
"There should be coordination between monetary, trade and fiscal policies to help solve supply side constraints," the BB governor said while addressing a press conference at the conference room of the central bank.
"There is a lack of coordination between the authorities concerned and so we stress on coordination to improve the supply situation in the market," the BB governor said while responding to a query.
He also said the National Board of Revenue (NBR) is interested in higher revenue collection and the issues concerning reduction in food prices to help the poor do not fall within its functional jurisdiction.
"Our main aim is to ensure growth while maintaining price stability. We all want an increase in revenue collection. But this should be done in a coordinated way so that we can effectively address both demand and supply needs," Ahmed observed.
The BB governor's recommendations came when the country's consumers' price index (CPI) inflation reached 7.43 per cent on point-to-point basis in March last from 7.28 per cent a month earlier.
Besides, the central bank has projected that the rate of inflation will hover around 7.0 per
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