Recasting the interest rate, exchange rate and inflation narrative
Sajjad Zohir | The Business Standard | 3rd February 2025 | The magic perceived in high interest rates Many argue that the remedy to all woes in Bangladesh’s financial economy lies in raising interest rates—be it in the name of repo, deposit rates, or lending rates. The arguments, if I understand the proponents, are as follows: An increase in interest rates will, firstly, increase the price of present consumption vis-à-vis...
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