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Monday, May 28, 2012

Time to change the path of monetary policy

Dr. Farashuddin Ahmed, Former BB Governor rightly pointed out that is the on-going contractionary monetary policy continues for a longer period, it will not support growth process of the country. Meaning? It's the time to change the path of monetary policy...

Though he said a number of good things on BB's performance which are logical, he was critical on some issues including lack of BB's monitoring system, especially in regards to Destiny-type issues (the same applies to stock market crash related issues too). He rightly talked on NBR's failure in checking under-invoicing of imported goods, income equality and narrow economic base.

Link of the report.

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