The decisions taken by the Monetary Policy Committee (MPC) of Bangladesh Bank in its 3rd meeting are likely to have a significant impact on the Bangladesh Capital Market. Here's how these decisions could potentially affect the Capital Market:
Introduction of the crawling peg system: The introduction of the crawling peg system, where the exchange rate is allowed to adjust gradually against the US dollar, could have both positive and negative effects on the stock market.
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A summary of the main points of the Monetary Policy Statement (MPS) for H1'24 issued by the Bangladesh Bank (BB) on June 18, 2023. The MPS outlines the policy stance and measures of the BB in order to achieve its objectives of containing inflation, improving the current account balance, reducing exchange rate instability, protecting foreign exchange reserves and stabilizing the financial sector. The report also discusses the expected impact of the MPS on the capital market and the macroeconomic outlook of the country.
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