Macro-economic unit to start functioning today
FE Team | Published: September 07, 2008 00:00:00 | Updated: February 01, 2018 00:00:00
FE Report brThe newly established macro-economic unit under the finance ministry will start functioning today (Sunday) to assist the central bank with suggestions and analysis on formulation of the country's monetary policy, officials said.brA meeting has been scheduled on the day at the finance ministry to mark the beginning of the unit that has been created in consultation with the multilateral agency, the International Monetary Fund (IMF).brFinance secretary Mohammad Tareque will preside over the meeting and apprise the officials about the functioning of the unit and their responsibilities, said the officials.brAs per the work schedules, Real and Monetary Sector wing under the macro-policy unit will coordinate with the central bank to adopt and update the country's monetary policy.brThe monetary policy, prepared and announced by the Bangladesh Bank on half-yearly basis for the last three years, will now have to exchange views and analysis with the unit for the task, said a senior finance ministry official.brCoordination with the central bank on adoption and update of the monetary policy is one of the 12 activities of the Real and Monetary Sector wing and those are also closely linked with the monetary policy, added the official.brFazle Rabbi, an additional secretary of the finance ministry, has been given the responsibility to run the unit. He will be assisted by three deputy and five senior assistant secretaries.
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