Abdicating Accountability: The Monetary Policy Statement of July-December 2013
The current issue of the Bangladesh Economic Update focuses on the recently announced six monthly Monetary Policy Statement (MPS) for the period of July-December of FY 2013-14.
The Update examines the role of the successive MPSs on the decline of the rate of growth in economy for the last two consecutive years and the BB assertions that the recent political agitation has created negative impacts on the rate of growth. The recent spat of political agitation has started from February 2013 while the economy has started deceleration of growth since FY 2011-12. The rate of growth declined from 6.71 percent in FY 2010-11 to 6.23 percent in FY 2011-12 and to 6.03 percent in FY 2012-13, 0.20 percentage points lower than the decadal average rate of 6.23 percent.