IMF again suggests credit restraint
FE Report | Wednesday, 16 July 2008
The International Monetary Fund (IMF) Tuesday said Bangladesh needs "a right kind of balance in the monetary policy as well as adjustment of fiscal policy" to stave off the second round of adverse effects of inflation.
"The monetary policy needs to be less expansionary," said the IMF's Asia Pacific adviser Thomas Rumbaugh, concluding a two-week annual consultation under the Article IV mission in the capital.
"Over the last six months the monetary policy has been very expansionary
"The monetary policy needs to be less expansionary," said the IMF's Asia Pacific adviser Thomas Rumbaugh, concluding a two-week annual consultation under the Article IV mission in the capital.
"Over the last six months the monetary policy has been very expansionary