Finance Minister Abul Hassan Mahmood Ali on Friday said the country must wait for 6 months to bring inflation under control, reports UNB.
He said the government is doing everything to control inflation and it will begin to decline by the end of this year, in line with the measures taken in the budget.
The finance minister said this while speaking at the post-budget press conference held at the Osmani Memorial Auditorium in the capital on Friday.
He said that keeping in mind controlling inflation, the size of the national budget has been reduced.
In reply to a query, Ali said the inflation is limited to the 9 percent range due to the steps taken by the Awami League government.
"When Awami League came to power, inflation was around 9 per cent in 2009 and it rose to 10 per cent in 2010. But the government managed to bring the inflation under control within two years. Inflation was in the range of 5-6 per cent in the next decade," said the minister during the press conference.
"We have taken all steps to control inflation, and are thinking about what more we can do to reign in inflation," said the minister while adding that contractionary measures will continue for now.
Bd-pratidin English/Tanvir Raihan
