Bangladesh Bank Governor Dr. Ahsan H. Mansur has shared positive developments in the country’s economy, highlighting a significant drop in inflation from 12.5% to 8.3%. Speaking at a high-level National Steering Committee meeting chaired by Chief Adviser Professor Dr. Muhammad Yunus, he emphasized ongoing banking sector reforms and gradual progress in restoring overall financial stability. The governor noted that rice prices have started to fall again, which could further reduce inflation in the coming months. Addressing non-performing loans, Dr. Mansur revealed that the current ratio stands at 24% and set a target to bring it down to 4–5%. Key measures include merging five Islamic banks, gradually closing nine non-banking financial institutions, and creating a BDT 9 billion venture capital fund to encourage entrepreneurship. A cashless transaction system is also being promoted to improve revenue collection.
Bangladesh Bank Governor Dr. Ahsan H. Mansur on Wednesday (October 8) informed a high-level meeting that inflation has dropped significantly in recent months, falling from 12.5% to 8.3%.
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