By Correspondent, The CNN :
Prime Minister Sheikh Hasina said that the government has taken steps to control the price of daily necessities and inflation during Ramadan.
On Wednesday (February 28), the head of government gave this information in response to the written question of Ali Azam, Member of Parliament of Bhola-2 Constituency. He gave this information during the question and answer session of the National Parliament session that day. Speaker of the session. Shirin Sharmin Chowdhury presided.
The Prime Minister said that the present government is the people’s government, the government is always trying to ease the suffering of the people. To this end, the government has continued all kinds of activities to keep the prices of daily necessities normal. We have already managed to contain the abnormal rise in consumer prices to a large extent. However, due to the increase in the prices of some products of the world market such as fuel oil, edible oil, wheat, fertilizers and various food products, consumer goods and industrial raw materials, the pressure of import inflation is being felt in our country. In the coming month of Ramadan, the government has taken steps to control the inflation including controlling the prices of daily necessities.
He said that the policy (repo) interest rate has been gradually increased from 4.75 percent in May 2022 to 8.00 percent in order to control inflation. Besides, the reverse repo rate (SDF) has been raised to 6.50 percent and the lending rate ceiling has been lifted. A significant increase in the policy rate has resulted in a visible change in the market-based average interest rate. It is hoped that inflation will come under control very soon. Besides, crawling peg based currency exchange policy is being adopted to stabilize the foreign currency exchange rate. This corridor-based system is expected to prevent abnormal fluctuations in foreign exchange rates. As a result, it will also help in controlling inflation.
