In this episode, Jyoti Rahman, Chairperson of Panam Institute and Asif Khan, CFA, Trustee of Panam Institute analyze Bangladesh Bank’s Monetary Policy Statement (MPS) for the first half of the 2026–27 fiscal year. Key topics discussed in this episode include:
  • The background and context of the Monetary Policy Statement
  • What Bangladesh Bank aims to achieve
  • What the current Monetary Policy is actually doing in practice
  • The relationship between interest rates, inflation, and economic growth
  • Potential impact of the 4% Loan-Deposit Spread policy
  • Who stands to gain and who stands to lose
  • Impact on SMEs, the banking sector, and private sector credit
  • Potential policy alternatives for Bangladesh Bank
  • The importance of policy credibility and monetary policy transmission
This discussion is presented based on research, data, and economic analysis, aimed at encouraging constructive dialogue on Bangladesh’s macroeconomy. Important Note: This episode was recorded on July 12, 2026. Therefore, the information, analysis and opinions shared in this discussion reflect the policy environment at that time and were recorded before the recent changes to Bangladesh Bank’s monetary policy.