Bangladesh Bank Governor Dr. Ahsan H Mansur has said that the central bank aims to bring inflation down to 5 percent, setting a more ambitious target than the government’s goal of 6.5 percent. He made the remarks on Tuesday while speaking at the inauguration of the ‘Google Pay’ service at a hotel in Dhaka.
“We want to bring inflation down to 5 percent,” said Dr. Mansur. “The government’s target is 6.5 percent, but if we can achieve our goal, it will mark a major success for the economy.”
Highlighting the importance of financial transparency and digital transformation, the governor said that the arrival of foreign investors should be viewed positively. “Foreign businessmen won’t smuggle money out of the country; rather, their presence will benefit Bangladesh,” he said. “We are actively working to transition into a cashless economy, and the launch of Google Pay is another significant step in that direction.”
He expressed hope that both local and foreign entrepreneurs would continue to find Bangladesh an attractive place for business. “When foreign companies complete their projects here, the country ultimately gains,” he added.
Dr. Mansur also addressed ongoing reforms in the financial sector. “We are determined to overhaul the financial system. Risk-based audits have already been completed for 20 banks, and seven more will be audited by the end of July,” he said. “We will not allow the banking sector to slip back into its previous dysfunctional state.”
Commenting on exchange rate dynamics, the governor stated that the price of the U.S. dollar in Bangladesh would not be dictated by foreign markets such as Dubai. “To address this, we have released the dollar into the market,” he explained, suggesting the central bank’s intent to stabilize exchange rates through increased market participation.
Bd-pratidin English/ Jisan
