Monetary policy and the price of appeasement

Coming out of a meeting on the April Fool's Day the Finance Minister (FM) announced a reduction in the cash reserve ratio (CRR) from 6.5 to 5.5 per cent. Shortly thereafter Bangladesh Bank (BB) reduced the REPO rate by 75 basis points to 6.0 per cent. These were unmistakably indications...

Blending battle-lines in the Middle-east chess board

We have long heard of the Israel-Palestine chasm dragging on and on, without end in sight, for a century or so (recall how one of its springboards was the infamous 1917 Balfour Declaration). Peace agreements have been brokered, Nobel Peace prizes have been distributed, and even a Palestine Authority has...