Dhaka: The newly appointed Governor of Bangladesh Bank, Md Mostaqur Rahman, stressed the importance of maintaining macroeconomic stability and shifting towards investment-driven growth to create employment opportunities as he assumed office today at the central bank.
According to Bangladesh Sangbad Sangstha, the Governor highlighted that the interim government has managed to steer the country’s economy from a fragile condition to a stable, low-level equilibrium. He emphasized, “Our responsibility now is to maintain macroeconomic stability and move towards investment-driven growth so that employment opportunities can be created.”
Upon assuming his role, the Governor held a brief meeting with the Deputy Governors and Executive Directors of the central bank. During this meeting, several Deputy Governors and Executive Directors extended a warm welcome to the new Governor on behalf of all officers and employees of Bangladesh Bank, as stated in a press release.
The Governor outlined several key directives and policy priorities for the central bank. These include maintaining macroeconomic stability while accelerating economic growth, ensuring inclusive growth with increased employment generation, reopening closed factories and business establishments to inject dynamism into the economy, reviewing high interest rates to facilitate increased investment, ensuring price stability with a focus on controlling inflation, promoting good governance across the banking sector, and making objective-based decisions. Other priorities include implementing a fully effective rule-based management system in banks, enhancing the delegation of authority to increase work speed, strengthening coordination with other government agencies, and upholding the image and credibility of Bangladesh Bank.
At the conclusion of the meeting, the central bank Governor expressed his gratitude to all involved.