The central bank just isn’t any longer going to print any contemporary money to lend to the govt. for solving monetary disaster, Bangladesh Bank (BB) Governor Ahsan H Mansur acknowledged this present day (24 September).
“Furthermore, we will now no longer promote dollars from the nation’s international alternate reserves to contend with the complications in the monetary sector. Inflation will decline if the efforts taken to resolve the points in the monetary sector bid definite outcomes,” the governor acknowledged at a roundtable titled “Where can we’re attempting to seem the banking sector?” organised by the Bangla every day Prothom Alo at its region of industrial in Dhaka.
Mansur acknowledged the strict monetary policy applied to curb inflation might presumably possibly well region off non permanent difficulties for companies nonetheless this is able to presumably possibly well in the kill attend the economic system.
“Reducing inflation is my main accountability. A mode of measures are being taken to attain that. Monetary policy is already tight, and steps are being taken to tighten it additional,” he acknowledged.
He added that once inflation decreases, the economic system as a complete will gain attend.
