Past Government Fuelled Inflation by Printing Tk 60,000cr, Says Yunus
Wednesday, 11 September 2024, 11:01
Economic Impact of Tk 60,000cr Injection
Prof Muhammad Yunus argues that the prior government's action to inject Tk 60,000 crore into the economy has significantly inflated prices. This monetary policy, he suggests, is at the core of the current inflation crisis.
Consequences of Inflation
- Rising living costs for consumers.
- Increased pressure on the economy.
- Growing public dissatisfaction.
Potential Solutions Moving Forward
- Evaluate the monetary supply strategy.
- Implement inflation-hedging measures.
- Engage in proactive fiscal policies.
Understanding the drivers of inflation is critical for planning future economic strategies.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.